Kraken Plans Staff Retreat Ahead of U.S. IPO Filing
- Kraken will take most of its staff to a Caribbean island in January.
- The exchange recently reported Q3 revenue of $178.6 million, up by 124% quarter-over-quarter.
- Trading volume increased by 23% to $561.9 billion during the same period.
- All employees received a one-off bonus as part of the company’s morale boost efforts.
- Kraken’s S-1 filing with the U.S. SEC is expected before year-end.
The planned retreat follows significant staff reductions earlier this year and aims to energize employees ahead of a potential public listing.
With Q3 earnings showing a remarkable increase, Kraken is positioning itself for growth as it prepares for its upcoming IPO filing.
