Kraken Restructures Workforce, Prepares for U.S. IPO Amid Record Revenue Growth

Cryptocurrency exchange Kraken is undergoing a significant restructuring, eliminating certain positions and merging teams to optimize operations. Despite this move, the company continues to hire in crucial areas as they aim to support their strategic goals. This follows a positive development in March when the U.S. Securities and Exchange Commission (SEC) dismissed a civil lawsuit accusing Kraken of operating illegally as an unregistered securities exchange.