Kraken, the exchange of cryptocurrency preparing for a potential public list in the United States at the start of next year, saw the departure of four senior executives from the company’s institutional team, according to a person familiar with the issue.
Those who recently left Kraken are: David Olsson, World Institutional Sales Manager; Shannon Kurtas, Responsible for exchanges and vice-president of the product and pro service; Jeff Kramer, Director of OTC Trading and Sanjay K, over -the -counter sales manager against Americas, said the person, who refused to be identified.
Kraken refused to comment on the departures, none of which immediately responded to requests for comments.
Kraken would have cut “hundreds” of jobs before an American list scheduled for the first quarter of 2026. In April of this year, a spokesperson for Kraken said that the company “made the decision difficult to eliminate certain roles and to consolidate the teams where layoffs exist, while continuing to hire in key areas of the company”.
Kraken’s income in T2 2025 was 6.8% lower than the quarter equivalent a year ago. The San Francisco -based scholarship in California said an EBITDA of $ 79.7 million, compared to $ 85.5 million in the second quarter of 2024.
Find out more: Kraken throws “hundreds” of jobs to rationalize business before the IPO, Sources say
