Kraken Prepares for 2026 IPO with Department Restructuring

Cryptocurrency exchange Kraken is taking strategic steps to prepare for an anticipated initial public offering (IPO) in 2026. The company is streamlining its organizational structure, including flattening management and reducing redundancy across departments, as outlined by Co-CEOs Dave Ripley and Arjun Sethi. This restructuring initiative involves optimizing financial performance before going public.