Kraken to Sell Its Shares in Amount Starting of $1k

Exchange joined forces with BnkToTheFuture platform to issue of preferred shares
21 May 2019   748

On Monday, May 20, Kraken sent out a letter to users, in which “a rare but limited opportunity” is offered to purchase exchange's shares.

The letter also says that the trading platform partnered with the BnkToTheFuture platform for the issue of preferred shares. Professional and accredited investors can purchase securities from $ 1,000 until June 20.

We are always looking for ways to democratize access to our equity, allowing more of our valued clients to become valued investors. To that end, we partnered with BankToTheFuture to create an opportunity to invest in Kraken.

Kraken @twitter

According to BankToTheFuture website, Kraken had already risen $6,610,143 of $10,200,000 with it shares sales.

While Kraken itself does not impose any special requirements on investors, on the Bnk to the Future platform they will have to learn that to invest in a company you will need to have an appropriate account level, for example, to be an accredited investor with a fortune of more than $ 1 million and income exceeding $ 200,000 Fortunately, an independent verification is provided for advanced investors, where, by answering a few simple questions, the user will be able to obtain the required status. 

LocalEthereum to be LocalCryptos Now

Exchange's team believes they have advantages over LocalBitcoins, which "looks the same today as it did in 2012"
19 November 2019   116

LocalEthereum's P2P platform changed its name to LocalCryptos to support more cryptocurrencies, starting with bitcoin.

The possibility of buying / selling BTC has already been added, in the near future EOS, DASH and Litecoin (LTC), as well as Ethereum-based tokens are indicated.

According to the statement, the platform has more than 100 thousand users around the world.

With rebranding and the addition of bitcoin trading, the site competes with the popular P2P platform LocalBitcoins, and LocalCryptos believes that they have advantages. They include the non-custodian BTC escrow system and end-to-end message encryption.

Platforms like LocalBitcoins are centralized, custodial, and a far cry from private. These platforms are vulnerable to hacks and thefts like a centralized exchange.

LocalCryptos Team

Hackers have stolen several billion dollars from the past, and at least two incidents related to LocalBitcoins traders, the statement said.

LocalCryptos does not store user private keys and declares that it gives them full control over the funds.