Among other things, employees were prohibited from labelling others’ comments as “toxic, hateful, racist”, etc., and particular emphasis was assigned on how “offensiveness” was not forbidden. Powell and his fellow executives encouraged employees who disagreed with the policy to quit, and offered four months’ severance for those who opted to do so. In November 2022, Kraken laid off about 1,100 employees – approximately 30 percent of its workforce. In October 2024, Kraken laid off around 400 employees, accounting for 15% of its workforce, as part of a corporate restructuring which added Arjun Sethi as co-CEO.

Grothaus, Michael (12 February 2020). “Every employee’s worst nightmare, getting outed on Glassdoor, could become a reality”. Islam, Arif (17 July 2024). “Tottenham Hotspur seal Kraken sleeve sponsorship deal – Sports Pro”. Goswami, Rohan (30 November 2022). “Crypto exchange Kraken lays off 1,100 employees”. Bailey, Kayla (17 June 2022). “CEO of crypto firm Kraken offers severance to ‘triggered’ employees”. Jones, Rory (11 July 2024). “Atletico Madrid Reveals Kraken As New Sleeve Sponsor – Sports Industry Group”. Nicolle, Emily (28 March 2023). “Crypto Exchange Kraken and Formula One’s Williams Racing Team Up”. San Rafael, California: Marin County Superior Court. Press Release Hub (Press release). The New York Times. Claburn, Thomas (12 February 2020). “Crypto-upstart subpoenas Glassdoor to unmask ex-staff believed to be behind negative reviews. EFF joins the fray”. Brittle, Cian (18 October 2024). “Williams F1 expand Kraken partnership for 2025”. BlackBook Motorsport. Isaac, Mike; Yaffe-Bellany, David; Mac, Ryan.

Crypto Trading Bot Github

Kraken was co-founded in 2011 by Jesse Powell, an alumnus of California State University, Sacramento, with Thanh Luu and Michael Gronager. In March 2014, Kraken received a $5 million Series A investment from Hummingbird Ventures and Bitcoin Opportunity Fund. In September 2013, Kraken was launched, offering Bitcoin, Litecoin, and euro trades initially before going on to add additional currencies and margin trading. Powell was a consultant for Mt. Gox in resolving a security issue, and began working on Kraken as a replacement, anticipating its death; Gox did collapse in 2014, failing security audits.

Irrera, Anna (27 September 2023). “Crypto Exchange Kraken Plans to Offer Trading in US-Listed Stocks”. Srivastava, Prakhar (20 March 2025). “Cryptocurrency exchange Kraken to buy NinjaTrader for $1.5 billion”. Cheng, Evelyn (19 April 2018). “Kraken cryptocurrency exchange says it will not comply with New York inquiry”. Castillo, Michael del (18 September 2018). “New York Attorney General Warns That Kraken Cryptocurrency Exchange Could Be Violating Regulations”. Saini, Manya; Lang, Hannah; Kuber, Shailesh (29 November 2022). “Crypto exchange Kraken settles U.S. investigation over alleged Iran sanctions violations”. Rooney, Kate (18 September 2018). “Crypto exchanges are ripe for manipulation and aren’t doing much to stop it, New York AG says”.