{"id":6305,"date":"2018-12-12T12:14:08","date_gmt":"2018-12-12T09:14:08","guid":{"rendered":"https:\/\/forklog.media\/?p=6305"},"modified":"2018-12-12T12:43:13","modified_gmt":"2018-12-12T09:43:13","slug":"crypto-exchange-kraken-considers-private-listing-at-4b-valuation-report","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-exchange-kraken-considers-private-listing-at-4b-valuation-report\/","title":{"rendered":"Crypto Exchange Kraken Considers Private Listing at $4B Valuation &#8211; Report"},"content":{"rendered":"<p>Leading U.S.-based bitcoin exchange Kraken is considering a private offering and has sent out emails to its high-value clients informing them about the investment opportunity, <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/news\/breaking-kraken-preparing-a-private-sale-at-4b-valuation\/\" target=\"_blank\" rel=\"noopener\">Finance Magnates<\/a> reported.<!--more--><\/p>\n<p>If confirmed, Kraken\u2019s efforts follow <a href=\"http:\/\/forklog.media\/coinbase-deny-ipo-rumors-as-crypto-giant-closes-300-million-series-e\/\" target=\"_blank\" rel=\"noopener\">Coinbase\u2019s $300 million Series E round<\/a> in October which brought the company to \u201ca post-money valuation of over $8 billion.\u201d<\/p>\n<p>According to the contents of the email, as viewed by the publication, Kraken said that it is not in need of financing. However, in the wake of the crypto bear market and the company\u2019s reserves, the exchange sees \u201copportunities for acquisitions.\u201d<\/p>\n<p>The company also said that it is seeking a $4 billion valuation through this private listing, with the minimum investment size being $100,000.<\/p>\n<blockquote><p><strong>\u201cThe transaction process will be done by a 3rd party service, who will run accredited investor checks, facilitate the execution of transaction documents, and the funding of your investment,\u201d<\/strong> reads the quoted email.<\/p><\/blockquote>\n<p>Clients who have received the email have been asked to fill an online survey. Kraken will assess each prospective investor\u2019s eligibility to take part in the share offering. The customers have to respond to the survey by December 16.<\/p>\n<p>Founded in 2011, Kraken is backed by Money Partners Group, SBI Investment, Hummingbird Ventures, Trace Mayer, Barry Silbert, and others. According to <a href=\"https:\/\/www.crunchbase.com\/organization\/kraken-bitcoin-exchange#section-overview\" target=\"_blank\" rel=\"noopener\">Crunchbase<\/a>, the San Francisco-based company&#8217;s total funding amount to date stands at $11.5 million.<\/p>\n<p>The company has also made a number of acquisitions including Cryptowatch, Glidera, CleverCoin, Cavirtex, and Coinsetter.<\/p>\n<p>In September of this year, Kraken <a href=\"http:\/\/forklog.media\/kraken-launches-otc-block-trading-service\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> a major expansion to its OTC trading platform enhancing enhance the execution of large block trades for clients worldwide.<\/p>\n<p>Follow ForkLog on <span style=\"text-decoration: underline;\"><a href=\" https:\/\/twitter.com\/forklog_en\/\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a><\/span> and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.facebook.com\/forklogen\/\" target=\"_blank\" rel=\"nofollow noopener\"> Facebook<\/a><\/span>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading U.S.-based bitcoin exchange Kraken is considering a private offering and has sent out emails to its high-value clients informing them about the investment opportunity, Finance Magnates reported.<\/p>\n","protected":false},"author":1,"featured_media":6306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[48,193],"class_list":["post-6305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-exchanges","tag-kraken"],"aioseo_notices":[],"amp_enabled":true,"views":"324","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=6305"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6305\/revisions"}],"predecessor-version":[{"id":6308,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6305\/revisions\/6308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/6306"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=6305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=6305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=6305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}