Kraken upgrade delayed due to technical issues

Kraken cryptocurrency exchange promised to undergo a system upgrade on January 6, but currently it is being delayed due to technical issue of the system
07 January 2018   1171

Kraken Exchange is well-known as a US based prominent Bitcoin exchange operating in Canada, the EU, Japan, and the US, and “the world’s largest Bitcoin exchange in euro volume and liquidity”.

Initially, Kraken stated that a system upgrade would be performed on January 6 at approximately 22:00 UTC (2 pm PT).

Kraken services will be offline for about 2 hours during the upgrade, possibly longer. Withdrawals in all currencies will be offline for an additional 2-3 hours after other systems come online. If you submit a withdrawal request while withdrawals are offline, the withdrawal will be sent after withdrawals come online again.

Kraken Exchange Status

Later, the messages started to appear on the Kraken Status page claiming that the upgrade would be delayed for a few more hours.

Kraken status towards system upgradeKraken Status towards system upgrade

On January 7 at 9 o'clock UTC Kraken Exchange reported that the upgrade is still being delayed due to the technical issues, and is currently presumably scheduled for Jan 7, 20:00 - 22:00 UTC.

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

Exchange joined forces with BnkToTheFuture platform to issue of preferred shares
21 May 2019   440

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.