We did one round of Kraken at 24 and are about to close another at 32.50. Kraken is basically like Coinbase, but more of an international player than just the U.S. A couple of things stand out. It’s now a bank, and you can trade stocks on it, which is a huge revenue boost. And it has never been hacked. One of the biggest complaints about Coinbase is hacks, and Coinbase gets sued over them all the time.
Kraken is expected to go public in the next several months. It’s also one of the most profitable business models we’ve seen. When one customer sells Bitcoin and another buys it, Kraken just makes a ledger entry recording the new owner. That costs the company almost nothing, and across trillions of transactions it adds up.
Key points
- TTI’s first Kraken round was at 24, and a second round is closing at 32.50.
- Kraken is similar to Coinbase but more international. It’s now a bank and offers stock trading.
- Kraken has never been hacked.
- Trades are low-cost ledger entries, which makes the model very profitable.
Accredited investors: learn about current opportunities at tickertapeinvestments.com.
