Kraken Considers Private Offering By Reaching Out To High-Value Clients

The Kraken exchange is one of the most successful crypto endeavors to come out of the United States. They’ve been continually successful, but the time has come for them to move on to their next venture. In a recent email to their high-value clients, Kraken inquired about their desire to be involved with a new investment opportunity.

Based on the information offered in the email, completion of an online survey is required before any additional information is offered. The exchange emphasizes to their clients that they don’t require financing, but the bear market and “significant reserves” are a sign that this is a good opportunity to participate in acquisitions.

Presently, as the message indicates, Kraken’s listing shares are for sale for $4 billion, though the minimum investment needed for participation is $100,000. Continuing, the email says,

“The transaction process will be done by a 3rd party service, who will run accredited investor checks, facilitate the execution of transaction documents, and the funding of your investment.”

Every investor will be checked to see if they meet eligibility requirement in order to participate. The survey will be open until December 16th for potential investors to respond. Additional details are promised to be released soon, though the opportunity looks as if it is targeting banked crypto enthusiasts.

In December, when the market was succeeding, Kraken went through some tech glitches that prevented its services from functioning properly. However, the team has been adamant about improving the staff behind its tech and support, while also creating and launched a matching engine. Though they condensed their staff through the summer, the company has used this room to grow as they have continued updating their product through 2018.

Some people may take notice of the $4 billion valuation for Kraken. After all, the company is ranked 20th in trading volume, even though they’ve repeated how profitable they are during this slump. Earlier in the year, it saw an $8 billion valuation after a $500 million investment, when Bitcoin was holding its ground at $6,600.

Even with the problems that the Kraken exchange has had to deal with, they have maintained their numerous crypto listings. However, that advantage over other exchanges could be challenged as the market for altcoin contracts and Bitcoin dominance flourishes. In the meantime, for investors that qualify, contributing the $100,000 to risk the shares in Kraken could turn out to be more advantageous than purchasing cryptocurrency alone.

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