Kraken prepares private listing with $4B valuation

posted 6 months ago
Kraken, the European fiat-to-crypto exchange, has sent out an exploratory email to key clients, suggesting the possibility of a private offering. Based on the amount of funding suggested, Kraken may be valued at up to $4 billion. The company sent letters to the big boys customers which told about a new investment opportunity.

Kraken has suggested a minimum investment of $100,000, targeting large-scale clients and accredited investors. The platform now sees daily volumes of $80.7 million, which is behind the leading exchanges that clock $1 billion in 24 hours. In February, Kraken completed a financing round that raised $1.5 million, using the funds as working capital and testing new customer products.
Tags: bitcoin, news