KRAKEN, a company with its strong hold in the Cryptocurrency Exchange industry, has once again trimmed his team. This step is being described as part of the company’s comprehensive restructuring and strategic shifts. KRAKEN is currently revising its growth strategy, including the possibilities of expanding and bringing IPO to new areas such as traditional finance. In such a situation, it is important to know why KRAKEN has taken this decision and what can be the effect on the company’s future.
Attempts to increase the productivity of KRAKEN
According to a KRAKEN spokesperson, this KRAKEN Layoffs is not only done for the purpose of reducing the cost, but to improve the team structure to suit the company’s long -sighted strategy. The company will continue the recruitment of talent in areas which are necessary for its future plans. The spokesman said, “We constantly evaluate our workforce so that it keeps matching our priorities.
The move is considered part of the company’s re-structure campaign, in which some departments are being merged and some are being given new roles.
15% pruning was also done in 2022
This is not the first time KRAKEN has shortened his team. In 2022, the company had removed 15% of its total employees i.e. about 400 people. At that time the fall in the crypto market and the global economic presser was given the reason for this. But this time the trimming is being done in a different context, it is part of the company’s transition and growth plan.
SEC case returns due to relief
KRAKEN’s future plans were strengthened when in March 2025 Sec withdrew the ongoing case on KRAKENSEC accused KRAKEN that it was working as an unnatural security exchange. Kraken described this action as political and considered it against innovation. After the removal of the case, the company felt that a big burden had been removed from it, which can now move forward with more confidence.
Steps moving towards IPO and Traditional Finance
KRAKEN no longer wants only a crypto exchange. The company is also entering traditional financial markets. Recently, KRAKEN has introduced commission-free trading facility in American Stocks and ETFs. There Kraken’s step in The Forex Market Buying and Selling It is also made in the headlines. Apart from this, the company has also acquired a trading technology company like Ninjatrader. The purpose of all these efforts is to create a multi-asset financial platform for Kraken, which can also hold the path of IPO in the coming time.
Conclusion
The recent pruning of Kraken is not only a cost cut, but part of a thoughtful strategy. The company is preparing itself for new markets and for this the team is again shaping. It is clear from the return of the SEC case and the launch of new products that KRAKEN is not yet stopped, but is moving towards the new direction. Although the trimming can be difficult for employees, from the company’s point of view it is part of a long -term vision.
