Kraken Looks At Divestment Through Private Offering December 12, 2018 December 12, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsDecember 12, 2018 by Kelly Cromley

Kraken Looks At Divestment Through Private Offering

KrakenKraken, the well-known cryptocurrency exchange, is looking at the possibility of a private offering in which it would sell a portion of its stake to a few of its notable clients, with the lowest investment being $100,000.

Kraken has sent e-mails to some of its customers inviting them to complete a survey before providing them with further information. Kraken makes it clear in the emails that it does not require financing, but sees acquisition prospects given its “significant reserves” and the crypto bear market.

Kraken lists its shares with a valuation of $4 billion. The email reports

“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.”

More information on the investment prospects will be given to clients who complete the survey on or before December 16. The company appears to provide service at a cheap cost, but faced glitches during the bull run last year.

Reports indicate that skeptical trading in Tether (USDT) has been watched on Kraken, as certain critics allege that stablecoin was utilized last year to pump Bitcoin’s price to attain an all-time peak of almost $ 20,000. Earlier this year, rumors of safety breaches and worker layoffs influenced the company. The company lastly confirmed that its staff consolidated, but refused that hackers had gained access to its wallet.

Recently, a court case filed against Kraken, and Bitmain by United American Corp, a Florida-based telecommunications and IT firm, claims that three have “colluded” to stage-manage the BCH network. Kraken contended that Bitcoin SV is an asset of “extremely high risk.”

In the past, Kraken left New York over the controversial’ BitLicense’ of the state. Jessie Powell, Kraken’s CEO, fired back to New York’s Attorney General this year after his regulators continued to follow him.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.