US cryptocurrency exchange Kraken is considering a private offering for wealthy investors, according to Finance Magnates.
Not long ago, Kraken valued its shares at $4 billion. According to Finance Magnates, executives are currently inviting a limited number of clients via email to purchase additional assets, with a minimum value of $100,000.
The email sent to some investors stated:
The transaction process will be handled by a third-party service that will verify accredited investors and process payment documents.
Participants must register their interest by December 16th. and they will be subject to extensive background checks.
Kraken representatives have not yet made any comments on this matter.
The company is currently embroiled in legal proceedings in which the prosecution alleges that its employees were involved in a conspiracy to gain control of the Bitcoin Cash fork and “centralize its network” after the blockchain split on November 15.
The hash war continues, with rivals continuing to trade accusations and insults. Bitcoin.com CEO Roger Ver and his co-founder Jihan Wu are also involved in the lawsuit.
According to cointelegraph.com
You May Also Like
Huobi bought Japanese regulated exchange Bittrade
The regulated Japanese exchange Bittrade will become part of the Huobi group. The new exchange will support six cryptocurrencies and 11 trading pairs. Existing Bittrade clients will need to open new accounts, complete KYC verification, and transfer their assets to the new platform.
Binance Stops UST and LUNA Withdrawals Amid Volatility
While LUNA has more than doubled in price, and the stablecoin of the UST ecosystem is trying to restore its peg to the dollar, the Binance exchange is suspending the withdrawal of both assets.
