According to Bloomberg, Kraken’s reported workforce reduction comes as the exchange expands AI use across operations, with the outlet saying the move could push a planned U.S. public listing to 2027.
Kraken has reportedly reduced its workforce by around 150 employees as the crypto exchange expands the use of AI across its operations, according to Bloomberg. Bloomberg also said the move could delay Kraken’s planned U.S. public listing until 2027. The layoffs add to a broader pattern of restructuring in the digital asset industry, where companies have been cutting costs, adjusting headcount, and increasing automation.