Crypto Exchange Kraken Sees Handful of Senior Execs Depart: Source

Four elder executives who enactment connected the organization broadside of concern person precocious near Kraken.

Updated Sep 17, 2025, 6:38 p.m. Published Sep 17, 2025, 6:22 p.m.

Kraken, the cryptocurrency speech preparing for a imaginable public listing successful the U.S. aboriginal adjacent year, has seen the departure of 4 elder executives from the organization broadside of the business, according to a idiosyncratic acquainted with the matter.

Those who person precocious near Kraken are: David Olsson, planetary caput of organization sales; Shannon Kurtas, caput of exchanges and a VP of merchandise and the Pro service; Jeff K, a manager of OTC trading and Sanjay K, OTC trading pb for Americas, the idiosyncratic said, who declined to beryllium identified.

Kraken declined to remark connected the departures, nary of whom instantly responded to requests for comment.

Kraken was reported to person trimmed “hundreds” of jobs up of a U.S. listing planned for the archetypal 4th of 2026. Back successful April of this year, a Kraken spokesperson said the steadfast was “making the hard determination to destruct definite roles and consolidate teams wherever redundancies exist, portion continuing to prosecute successful cardinal areas of the business.”

Kraken's income successful Q2 2025 was 6.8% little than successful the equivalent 4th 1 twelvemonth ago. The San Francisco, California-based speech reported EBITDA of $79.7 million, versus $85.5 cardinal successful Q2 2024.

Read more: Kraken Sheds ‘Hundreds’ of Jobs to Streamline Business Ahead of IPO, Sources Say

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