Cryptocurrency trading platform Kraken recently launched a multi-division restructuring, cutting redundant jobs and strengthening core business lines. Kraken responded that it is preparing for a US listing in 2026, the second round of structural cuts after 15% layoffs in October 2024, in an effort to implement flat management.
Kraken confirmed its plans after the Securities Exchange Commission (SEC) dropped its lawsuit against its parent company Payward Inc. in March, and is currently in talks with investment banks such as Goldman Sachs and JPMorgan Chase to issue $1 billion in bonds for pre-IPO expansion financing. If it goes public in the United States, it will become the second US cryptocurrency trading platform to go public after Coinbase.
Kraken launches organizational restructuring to prepare for a U.S. listing in 2026
2025-04-18 16:20:24
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