Kraken lays off hundreds to streamline business ahead of IPO, Coindesk reports By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
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Source: Investing.com
Layoffs and Business Streamlining: Kraken has laid off hundreds of employees to streamline operations ahead of its planned IPO, following a 15% workforce reduction since appointing Arjun Sethi as co-CEO.
Expansion into Traditional Finance: The company is expanding its services by introducing commission-free trading for U.S.-listed stocks and acquiring NinjaTrader for $1.5 billion, aiming to grow its user base and integrate with traditional financial markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
