Exchanges

Kraken is offering itself to customers in chunks as small as $1,000 for its fundraising round

May 20, 2019, 8:01PM EDT

Are you a Kraken user with $1,000? You potentially have the opportunity to become an investor in the company.

The firm has began offering preferred shares of its stock to accredited investors today, opening the opportunity until June 20, according to an email from the company detailing the opportunity. Investments in the exchange start at $1,000.

The company partnered with investment platform Bnk to the Future in an effort to widen access to its equity, according to Kraken. Registered Kraken users can purchase shares through an account with Bnk to the Future.

Kraken also sought investments late last year, when it offered select investors the opportunity to purchase its shares at a minimum of $100,000 in a $4 billion valuation round. At that time, it used an undisclosed third party to oversee investments.

Now, Kraken is building on that effort seeking these smaller investments from users. The exchange has already made moves towards growth, acquiring the futures trading startup Crypto Facilities for an undisclosed amount said to reach at least $100 million.

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