Kraken, Cryptocurrency, the exchange, preparing for a potential public list in the United States early next year, has seen the departure of four senior executives from the institutional side of the company, according to a person familiar with the case.
Those who have recently left Kraken are: David Olsson, Global Head of Institutional Sales; Shannon Kurtas, head of exchanges and a VP for product and pro service; Jeff Kramer, director of OTC Trading and Sanjay K, OTC Trading Lead for Americas, said the person who refused to be identified.
Kraken refused to comment on the departures, none of which immediately responded to requests for comment.
It was reported that the Kraken had trimmed “hundreds” of jobs ahead of a US list scheduled in the first quarter of 2026. Back in April this year, a spokesman for Kraken said while continuing to hire in key areas. “
Krake’s income in the 2nd quarter of 2025 was 6.8% lower than in the equivalent quarter a year ago. The San Francisco, California-based Exchange reported EBITDA at $ 79.7 million against $ 85.5 million in the 2nd quarter of 2024.
Read more: Kraken Shed’s ‘Hundreds’ of jobs to streamline the business before IPO, sources say
