Over 2,000 Investors Back Kraken Crypto Exchange’s $13 Million Crowdfunding

 

Regulated spot and futures crypto exchange Kraken has completed a $13.5 million round of financing on Bnk To The Future (BF), an online investment platform.
With 2,263 participants, at press time, the campaign also represents BF’s most successful funding round by individual donors.
The exchange sought the capital as a way to push its valuation past the $4 billion mark and fund new acquisitions, according to Simon Dixon, co-founder of BF.
The firm previously acquired CryptoWatch, a US-based market data and trading platform, as well as Crypto Facilities, based in London, which provides a platform for derivatives and futures trading.
One of the busiest exchanges with more than $85 billion in trade volume in 2018 – from 4 million clients spread across nearly 200 countries – Kraken envisions itself expanding into and providing additional financial services and products for the crypto industry.

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