Cryptocurrency exchange Kraken is gearing up for its planned U.S. Initial Public Offering (IPO) with a team-building retreat in January 2025 and a special one-time bonus for employees. The company’s strong Q3 performance, including a 124% increase in earnings and significant growth in trading volume, has fueled this positive outlook. Kraken will send its employees to a Caribbean island for the retreat, a move designed to boost morale and prepare the team for the public listing process. This follows recent job cuts, which prompted concern amongst the firm’s workforce, but their financial performance remains strong with revenue more than doubling in Q3 2024. Kraken has confidentially filed for an IPO with the SEC, aiming for a valuation of $20 billion, positioning it among other crypto companies like Circle and Gemini that have also pursued public listings under favorable regulatory conditions. The company is currently preparing for market fluctuations to shape their IPO timing, and a final decision on share offering will be made after the SEC completes its review. A strategic investment from Citadel Securities of $200 million adds further financial strength to Kraken’s upcoming public listing.