follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Kraken Offers Shares at $4 Billion Valuation  (Read 2199 times)

Offline Pegasus

  • Legendary
  • *
  • Activity: 1502
  • points:
    9826
  • Karma: 28
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 23, 2023, 06:19:09 PM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Kraken Offers Shares at $4 Billion Valuation
« on: May 21, 2019, 02:58:17 PM »

Kraken, one of the biggest crypto exchange with 60% euro market share, is hoping to raise at least $10 million (0.255% equity) at a valuation of $4 billion with $6.7 million already raised at the time of writing from 285 investors.

The exchange says they have 780 employees and $155 million in revenue for 2018 with 56% operating margins.

They’re thus valuing themselves at 25x revenue and circa 50x profits presumably on the premise of future growth beyond their current 4 million customers and $85 billion in trading volumes for all of 2018.

Over the Counter (OTC) trading and Futures might be one growth area for the exchange which claims to dominate the euro crypto market.

The exchange says they have seven established bank and payments partners and says “client on-boarding infrastructure & AML/KYC policies capture significant upside from institutional adoption.”

Making this one of the first offering of its kind through a fund raising platform, Bnk to the Future.

The platform allows accredited investors (rich people) to invest, but also sophisticated investors.

For the latter, you complete a questionnaire which can easily be passed by anyone who has some understanding of investing, allowing you then to, in this case, invest a minimum of $1,000.

You can do so by funding the account through bitcoin, eth, and fiat, with non voting shares then received.

There does not appear to be any geographic restriction on who can invest, with all this opening on Monday and may well close later today at the rate it’s going.

Source

Altcoins Talks - Cryptocurrency Forum

Kraken Offers Shares at $4 Billion Valuation
« on: May 21, 2019, 02:58:17 PM »

For Monthly biddings Check Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod