# Crypto exchange Kraken raises over $6.5M in equity funding

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/business/1932
Published: 2019-05-21T11:42:37.000Z
Updated: 2019-05-21T11:42:37.000Z
Section: Business

> Cryptocurrency exchange Kraken has raised more than $6.5 million in a couple of days, Bitcoinist reported.

Cryptocurrency exchange Kraken has raised more than $6.5 million in a couple of days, [Bitcoinist](<https://bitcoinist.com/bitcoin-exchange-kraken-raises-6-million/>) reported.

The ongoing fundraising drive is a part of a new equity sale. The details on the company’s [fundraising page](<https://bnktothefuture.com/pitches/kraken>) on BnkToTheFuture reveal that Kraken is seeking to raise a total €9.13 million ($10.2 million) in this drive.

The company has already secured €5.87 million ($6.55 million) from investors, thereby surpassing the minimum threshold of €5,552,073 as of May 21.

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](<https://twitter.com/BankToTheFuture?ref_src=twsrc%5Etfw>) to create an opportunity to invest in Kraken: [https://t.co/DZA1nYFPqe](<https://t.co/DZA1nYFPqe>)

— Kraken Exchange (@krakenfx) [May 20, 2019](<https://twitter.com/krakenfx/status/1130615119216558081?ref_src=twsrc%5Etfw>)

Kraken CEO Jesse Powell said that Kraken is one of the top 5 crypto exchange platforms worldwide for “legitimate” volume. The company boasts of a client base of around 4 million.

Earlier this year, it acquired Crypto Facilities, a regulated cryptocurrency trading platform and index provider, in a nine-figure deal.

Recently, crypto exchange Bitfinex also [hit its $1 billion target](<https://www.coindesk.com/bitfinex-token-sale-has-lined-up-1-billion-in-commitments-shareholder-says>) in an initial exchange offering (IEO) in which it sold its LEO tokens to private investors. This was despite the fact that the exchange is tied up in a legal case after being accused of its involvement in an $850 million cover-up.

## Links in this article

- [Bitcoinist](https://bitcoinist.com/bitcoin-exchange-kraken-raises-6-million/)
- [fundraising page](https://bnktothefuture.com/pitches/kraken)
- [@BankToTheFuture](https://twitter.com/BankToTheFuture?ref_src=twsrc%5Etfw)
- [https://t.co/DZA1nYFPqe](https://t.co/DZA1nYFPqe)
- [May 20, 2019](https://twitter.com/krakenfx/status/1130615119216558081?ref_src=twsrc%5Etfw)
- [hit its $1 billion target](https://www.coindesk.com/bitfinex-token-sale-has-lined-up-1-billion-in-commitments-shareholder-says)