Friday, 18 April, 2025

Kraken Streamlines Workforce Amid Strategic Expansion into Traditional Finance

Cryptocurrency exchange Kraken is restructuring its workforce by eliminating redundant roles and consolidating teams to align with its strategic push into traditional financial markets. While specific figures were not disclosed, reports suggest the layoffs could number in the hundreds. This move follows Kraken's $1.5 billion acquisition of retail futures trading platform NinjaTrader and the rollout of commission-free trading for over 11,000 U.S.-listed stocks and ETFs.