TechFlow news, September 18 — According to CoinDesk, Kraken, the cryptocurrency exchange preparing for a U.S. listing in early next year, has recently seen four senior executives from its institutional business depart.
According to sources, those leaving include David Olsson, Head of Global Institutional Sales; Shannon Kurtas, Exchange Lead and Vice President of Product; Jeff Kramer, Director of OTC Trading; and Sanjay K., Head of OTC Trading for the Americas.
Reports indicate that ahead of its planned Q1 2026 U.S. listing, Kraken has cut "hundreds" of employees. In April, a Kraken spokesperson said the company was "eliminating certain roles and consolidating teams where redundancies exist."
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