Kraken News: Crypto Exchange Is Taking Staff to Caribbean Retreat Next Year: Sources
Crypto exchange Kraken is sending most staff to a Caribbean retreat in January to boost morale before a planned U.S. listing.Summary
Cryptocurrency exchange Kraken plans to take the vast majority of its staff to a Caribbean island retreat in January 2026 to energize the team ahead of an anticipated U.S. listing next year. Sources familiar with the plans requested the exact location remain undisclosed for security reasons. This positive event follows reports earlier this year that Kraken had cut "hundreds" of staff, and it comes as the company also issued a special one-off bonus to all employees. Kraken appears to be performing well, having recently reported that its Q3 revenue more than doubled, reaching $648 million (a 114% year-over-year increase). Adjusted earnings before taxes reached $178.6 million, up 124% quarter-over-quarter, with trading volume rising 23% to $561.9 billion. The company's S-1 filing with the U.S. Securities and Exchange Commission (SEC) is expected before the end of this year, supporting its plans for an initial public offering (IPO).
(Source：CoinDesk)