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

Exchange joined forces with BnkToTheFuture platform to issue of preferred shares
21 May 2019   359

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. 

Coinone to Join RippleNet

Coinone and Ripple cooperation started in May 2018, and now exchange believes it will help to create wide range of blockchain based financial services
18 June 2019   170

The Korean exchange Coinone, a member of the Big Four of Asian cryptocurrency exchange platforms, has joined the RippleNet network, AMBcrypto reports. Through participation in RippleNet, Coinone will be able to use Ripple's xCurrent solution to provide interbank services to its customers.

Coinone CEO Shin Won Hee, in a conversation with local media, said that his company would rely on cooperation with SBI Ripple Asia in creating a wide range of financial services based on blockchain technology.

According to the media, Coinone was the first exchange in South Korea, which joined RippleNet. As part of the cooperation with SBI Ripple Asia, Coinone intends to “organize overseas remittance events for 3,000 new subscribers to the block chain overseas remittance service.”

Coinone and Ripple started working together in May 2018, when the company integrated xCurrent solution into its own payment service called Cross. According to updated data, customers of the exchange can send transfers to eight Asian countries through the system, taking advantage of reduced commissions.

Earlier this month, Siam Commercial Bank, the largest commercial bank in Thailand, said it would use XRP cryptocurrency in its operations, but later, for unknown reasons, refused this statement.