Haydn Franklin Haydn Franklin, Wednesday 22nd May 2019, 12:25 PM GMT+0000
Kraken

Kraken raises $6.8 Million in a single day

Kraken, a United-Stated established cryptocurrency exchange has started to list preferred shares to their authorised investors. This news comes after the exchange announced that they’ve partnered with BNK, the investment platform, to offer their shares for purchase. Today, certified investors can purchase a minimum of $1,000.00 in stock until June 20th.

Kraken, with the help of BNK, launched a fundraising page exclusive to official investors. Within one day, the company was able to earn $6.8 Million by selling shares to 325 investors. The goal is to make a total of $10.2 million before June 20th, with at their current pace will be met within two weeks.

Investors have been looking forward to purchasing Kraken Stock, as this is the longest-running cryptocurrency exchange in the world. They list 24 digital currencies with 75 trading pairs. During the year of 2018, the company handled over $85 Billion in crypto trades.

Kraken Keeping Quiet

Kraken, the San Francisco-established crypto exchange isn’t just offering these shares to large investors, but also small investors as well. However, the exchange didn’t publically state how they will be utilising these funds. Kraken also didn’t publish their financial report for the year of 2018.

This isn’t the first that that Kraken has tried to attain funds from the public. In 2018 this exchange sought after the funds of clients in hopes to keep their $4 billion valuations as a company. Back then, the minimum amount that could be invested was $100,000.00. Each time the company has been able to accomplish its goal due to being the largest cryptocurrency exchange globally.

It’s speculated that Kraken will be using this money for development purposes for their exchange and new crypto facilities recently opened. Last month, Kraken purchased an undisclosed crypto facility that will be used for one of their future trading startups. Analysts speculate that the $10.2 million will be put towards this new facility.

Haydn Franklin

Author: Haydn Franklin

Hayden joined whichbroker.com in March 2019. He previously held positions at leading US facing financial news outlets. Hayden's focus is primarily Crypto and Forex news at whichbroker.com, however he is also whicbrokers long form content specialist leading him to write longer posts with an investigative angle. Hayden gradutated from the University of Chicago. Haydn Franklin can be contacted at [email protected],

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