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Dec. 12, 2018

The American cryptocurrency exchange Kraken may be preparing its private listing, according to Finance Magnates. The exchange sent an email to its limited number of clients.

Kraken is a U.S.-based crypto exchange with HQ in San Francisco, CA. The exchange is in the top-50 cryptocurrency exchanges, according to CoinMarketCap.

According to the internal email, the exchange wants its customers to fill out an online survey. At press time, the exchange has made no official announcements regarding the matter.

The email states the valuation at which Kraken is listing shares for sale “is $4 billion, and the minimum investment size is $100,000.”

“The 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,” Financial Magnates cites the email.

Despite such a big plan, Kraken actually has got other things to think about. Previously, in December, the technology company United American Corp (UnitedCorp) filed a lawsuit against Bitmain, the Kraken exchange, Bitcoin.com portal, Roger Ver, and others involved in “a well-planned scheme to take control of the Bitcoin Cash network”.

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