Overview

• Kraken has implemented significant workforce reductions, cutting hundreds of roles across its business to streamline operations and improve profitability.
• The company continues to consolidate teams to eliminate redundancies while hiring strategically in key areas aligned with its growth priorities.
• In March 2025, Kraken announced the $1.5 billion acquisition of retail futures trading platform NinjaTrader to expand into multiple asset classes and attract a broader user base.
• This week, Kraken began a phased national rollout of commission-free trading for over 11,000 U.S.-listed stocks and ETFs, further diversifying its offerings beyond cryptocurrency.
• The U.S. SEC’s recent dismissal of a lawsuit accusing Kraken of operating as an unregistered securities exchange has bolstered the company’s regulatory position as it prepares for an IPO.