FinancialfocusHub.com
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
FinancialfocusHub.com
No Result
View All Result
ADVERTISEMENT

Crypto Exchange Kraken Cuts Redundant Jobs In Traditional Finance

Alice by Alice
2025-04-18
in News
Crypto Exchange Kraken Cuts Redundant Jobs In Traditional Finance
ADVERTISEMENT

Kraken, one of the world’s largest cryptocurrency exchanges, is restructuring its workforce, reducing some positions and integrating redundant teams while continuing to hire in key areas, a company spokesperson said Thursday.

“We continually evaluate our workforce to ensure it aligns with our strategic priorities,” the spokesperson said.

ADVERTISEMENT

Last year, Kraken appointed Arjun Sethi as co-CEO and announced a 15% layoff affecting about 400 employees.

ADVERTISEMENT

This comes after the U.S. Securities and Exchange Commission dismissed a civil lawsuit in March that alleged Kraken illegally operated as an unregistered securities exchange.

ADVERTISEMENT

In a statement on its blog, Kraken called the layoffs a turning point for cryptocurrency, ending a “wasteful, politically motivated campaign” begun under the Biden administration that has stymied innovation and investment.

“Kraken’s business is booming. We are launching more new products than ever before, driving strong revenue growth, and rapidly expanding our entire product portfolio – including through the agreement to acquire NinjaTrader announced earlier this year,” the spokesperson added.

In March, the cryptocurrency exchange said it would acquire retail futures trading platform NinjaTrader for $1.5 billion, a deal that will allow it to expand into multiple asset classes and grow its user base.

The San Francisco, California-based company on Monday began a phased nationwide rollout of commission-free trading on more than 11,000 U.S.-listed stocks and exchange-traded funds, the latest move in its diversification of product offerings.

Cryptocurrency companies such as Kraken are exploring expansion into traditional finance, encouraged by U.S. President Donald Trump’s promise of more industry-friendly regulation.

While Kraken did not provide a specific number for the layoffs, Coindesk reported earlier in the day that the number of layoffs could reach “hundreds.”

Related topics:
  • What Cash App Stocks Should I Buy?
  • When Should You Buy Stocks
  • How to Analyze Bank Stocks
ADVERTISEMENT
Previous Post

The Era Of Super Calm Market In The Post-Epidemic Era Is Over

Next Post

Markets Pause For Good Friday, But Crypto Trades On

Alice

Alice

Related Posts

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces
News

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces

2025-05-14
RMB Strengthens as China-U.S. Trade Tensions Ease
News

RMB Strengthens as China-U.S. Trade Tensions Ease

2025-05-14
China Launches 2025 SME Financial Support Initiative
News

China Launches 2025 SME Financial Support Initiative

2025-05-14
Building a World-Class Treasury System: China’s Path to Financial Resource Integration
News

Building a World-Class Treasury System: China’s Path to Financial Resource Integration

2025-05-14
The Global Battle for Digital Currency Supremacy Reshapes Financial Order
News

The Global Battle for Digital Currency Supremacy Reshapes Financial Order

2025-05-14
U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis
News

U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis

2025-05-14
Finance’s Digital Transformation in the Era of AI
News

Finance’s Digital Transformation in the Era of AI

2025-05-14
Debt Wall, Consumer Strain, And a Fed ‘trapped by Politics’: Stephanie Pomboy Warns of Market Reckoning
News

Debt Wall, Consumer Strain, And a Fed ‘trapped by Politics’: Stephanie Pomboy Warns of Market Reckoning

2025-05-14
Gold Gains, The Dollar Weakens as Inflation Cools to a Four-Year Low
News

Gold Gains, The Dollar Weakens as Inflation Cools to a Four-Year Low

2025-05-14
Next Post
Markets Pause For Good Friday, But Crypto Trades On

Markets Pause For Good Friday, But Crypto Trades On

Netflix Shares Jump On Strong Earnings And Outlook

Netflix Shares Jump On Strong Earnings And Outlook

Stocks7

Unitedhealth Drags Down The Dow: Here's The Math

Popular Articles

China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector
Insurance

China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector

by jingji06
2025-05-14

The China Insurance Association has officially unveiled the Elderly-Friendly Service Standards for Insurance Institutions marking a significant step toward improving...

Stocks7

How To Find Oversold Stocks: A Beginner’s Guide

2025-05-10
How Much Is Trintellix Without Insurance?

How Much Is Trintellix Without Insurance?

2025-05-09
Forex1

What Is A Prop Firm Forex: How Does It Work?

2025-05-12
This Is The Biden Campaign That Trump Still Supports

This Is The Biden Campaign That Trump Still Supports

2025-05-11
How To Read Forex Charts: A Beginner’s Guide

How To Read Forex Charts: A Beginner’s Guide

2025-05-12
Who Pays for My Health Insurance While on Workers’ Compensation

Who Pays for My Health Insurance While on Workers’ Compensation

2025-05-13
What Is The Average Drawdown Of A Stock? How Does It Work?

What Is The Average Drawdown Of A Stock? How Does It Work?

2025-05-12

Recent Posts

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces
News

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces

by jingji06
2025-05-14

As China accelerates its development of "new quality productive forces"—a growth model prioritizing technological breakthroughs and industrial modernization—financial inclusion has...

RMB Strengthens as China-U.S. Trade Tensions Ease

RMB Strengthens as China-U.S. Trade Tensions Ease

2025-05-14
China Launches 2025 SME Financial Support Initiative

China Launches 2025 SME Financial Support Initiative

2025-05-14
Building a World-Class Treasury System: China’s Path to Financial Resource Integration

Building a World-Class Treasury System: China’s Path to Financial Resource Integration

2025-05-14
China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector

China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector

2025-05-14
Hot Topic Focus | Serving 310 Million Seniors: China Releases Groundbreaking Insurance Service Standards

Hot Topic Focus | Serving 310 Million Seniors: China Releases Groundbreaking Insurance Service Standards

2025-05-14
The Global Battle for Digital Currency Supremacy Reshapes Financial Order

The Global Battle for Digital Currency Supremacy Reshapes Financial Order

2025-05-14
U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis

U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis

2025-05-14

Cryptocurrency

Cryptocurrency27

NFT Marketplace X2Y2 to Shut Down After Three Years as Trading Volume Plummets

2025-04-04
Cryptocurrency

Elon Musk Denies U.S. Government Plans to Use Dogecoin, Cryptocurrency Drops 3%

2025-04-01
Cryptocurrency

Gold Bull Peter Schiff Bets on Bullish Gold Amid Bitcoin’s Struggles

2025-03-30
Cryptocurrency

Fidelity Plans to Launch Spot Solana ETF

2025-03-29
Cryptocurrency

BlackRock Launches Bitcoin ETP in Europe: A Key Step for Institutional Adoption

2025-03-28
Cryptocurrency

Closing Bell Movers: GameStop Gains 7% on Earnings, Bitcoin Announcement

2025-03-27
FinancialfocusHub.com

FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.

Recent Posts

  • China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces 2025-05-14
  • RMB Strengthens as China-U.S. Trade Tensions Ease 2025-05-14
  • China Launches 2025 SME Financial Support Initiative 2025-05-14
  • Building a World-Class Treasury System: China’s Path to Financial Resource Integration 2025-05-14
  • China Insurance Association Introduces Elderly-Friendly Service Standards for Insurance Sector 2025-05-14

TAGS

Useful Links

ABOUT US

Disclaimer

Privacy Policy

Copyright © 2024 financialfocushub.com

No Result
View All Result
  • Home
  • Forex
  • Insurance
  • News
  • Stocks

Copyright © 2024 FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.