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
Estonia has granted a license to carry out cryptocurrency activities in the EU
The B2B cryptocurrency exchange announced on November 12 that it has received a license from the Estonian Financial Intelligence Unit (FIU) to operate digital currency trading as a fully regulated exchange.
eToro's crypto profits grew 23x in Q2
Investment platform eToro made record profits from commissions for buying and selling cryptocurrencies.
