Binance to List Fantom

Many trading pairs with FTM will be opened on June 11; this announcement had big impact on the token's price
10 June 2019   1296

Binance announced the listing of the Fantom project's token.

FTM / BNB, FTM / BTC, FTM / USDT, FTM / TUSD, FTM / USDC and FTM / PAX trading pairswill be opened on June 11 at 04:00 UTC. According to Binance, Fantom is listed without paying any commissions from the project.

Fantom Price Chart
Fantom Price Chart

This news had great impact on the FTM token price. It had a spike, gaining around 50%. After small correction, the average price rose by almost 40% in 24 hours. At the moment, Fantom is being traded at $0.03. It's on the 105 rank at Coinmarketcap.

Kraken to Raise $13.5 Thru BnkToTheFuture

2,263 people with an average investment of $100.000 took part in crownfunding campaign, which became record for the platform
25 June 2019   200

The US Bitcoin exchange Kraken raised $ 13.5 million through the sale of private equity through the investment platform BnkToTheFuture (BF). This was the most successful round of financing from individual investors in the history of BF, reports CoinDesk.

So, in total Kraken crowdfunding campaign was attended by 2,263 people with an average investment of $ 100 thousand. The funds raised are probably used by the exchange to make new acquisitions.

It is noteworthy that BF created a subsidiary, which became the recipient of individual investments in order to subsequently act as a single investor for Kraken. This allowed the exchange to bypass the requirements of the US Securities and Exchange Act and not to go to an IPO.

It is noteworthy that Kraken initially intended to raise $ 10.2 million, but the demand for its shares turned out to be higher and the exchange extended the fundraising period.

According to Kraken's own estimates, its capitalization is $ 4 billion.

Earlier this year, the exchange also acquired Crypto Facilities, a trading platform for cryptocurrency derivatives, expanding the range of services offered.