Kraken's co-founder Arjun Sethi promises an automatic PUMP token airdrop to users affected by a recent token sale glitch, aiming to rebuild confidence.
Kraken co-CEO Arjun Sethi believes tokenized equities will surpass stablecoins like Tether, with futures and options enhancing the growth.
Kraken's revenue soared to $1.5 billion in 2024, marking a 128% increase, driven by $665 billion in trading volume, despite regulatory challenges in the US.
Kraken appoints Arjun Sethi as co-CEO alongside Dave Ripley while reducing its workforce by 15%.
Kraken has laid off 15% of its workforce, or around 400 positions, in a move to streamline management and prepare for future developments, including launching a proprietary blockchain, Ink. This is part of a larger trend of staff reductions in the crypto industry amid ongoing economic pressures and regulatory challenges.
Kraken undergoes layoffs for operational efficiency as board member Arjun Sethi becomes co-CEO.
