Kraken, one of the world’s largest cryptocurrency exchanges, is undergoing another round of workforce reorganization as the crypto industry evolves at a rapid pace. The company has announced targeted layoffs in some areas, the consolidation of roles, and a continued commitment to hiring for critical positions. According to a Kraken spokesperson, these adjustments are part of an ongoing process to ensure the workforce is closely aligned with the company’s strategic priorities.
Recently, the cryptocurrency community has been abuzz with the news that the exchange Kraken has acquired the futures trading platform NinjaTrader for $1.5 billion. This deal opens new horizons for Kraken, allowing it to offer crypto futures and derivatives in the United States for the first time, as well as aiming to expand into more traditional financial markets.
The cryptocurrency exchange Kraken, officially known as Payward Inc., is preparing for an initial public offering (IPO) amid a more favorable regulatory environment in the United States. With the transition of power to Donald Trump, the hopes for improved conditions in the crypto industry are high, making Kraken's IPO plans particularly relevant.
Kraken, one of the world's leading cryptocurrency exchanges, has successfully resolved a legal case with the U.S. Securities and Exchange Commission (SEC). The civil lawsuit has been settled in favor of Kraken.
In recent months, the companies behind the cryptocurrency exchanges Kraken and Blockchain.com have strengthened their positions on the political stage. Following the elections in November, they joined a host of corporations and wealthy individuals by hiring the lobbying firm $BLDP, closely linked to former US President Donald Trump.
In recent years, the cryptocurrency derivatives market has experienced rapid growth, with Deribit emerging as one of its standout players. A recent Bloomberg report has generated significant buzz within the crypto world, revealing that Deribit could be valued between $4 and $5 billion. According to the publication, the exchange has reportedly received multiple acquisition offers, with U.S.-based cryptocurrency exchange Kraken being one of the potential buyers.
Amid ongoing discussions concerning the aftermath of FTX's bankruptcy, a new phase of the reorganization process is drawing significant attention. It has been reported that the exchange Kraken has begun actively sending emails to clients affected by the collapse. These emails request data for compensation distribution, marking a significant step towards resolving one of the largest financial disasters in the cryptocurrency sector.