Kraken is laying off employees across all departments as it restructures for a potential IPO. They have launched commission-free trading for over 11,000 U.S. Stocks and ETFs, further expanding their services in traditional finance. The recent acquisition of NinjaTrader for 1.5 billion USD signifies their growth ambitions.
The restructuring follows the SEC’s dismissal of a lawsuit against Kraken, allowing the company to refocus on growth and innovation. As they prepare for the IPO, Kraken aims to extend its reach across U.S. And international markets, positioning itself as a comprehensive trading platform.
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