{"id":873693,"date":"2025-09-17T21:13:07","date_gmt":"2025-09-18T02:13:07","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/17\/crypto-exchange-kraken-sees-handful-of-senior-execs-depart-source\/"},"modified":"2025-09-17T21:13:07","modified_gmt":"2025-09-18T02:13:07","slug":"crypto-exchange-kraken-sees-handful-of-senior-execs-depart-source","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/17\/crypto-exchange-kraken-sees-handful-of-senior-execs-depart-source\/","title":{"rendered":"Crypto Exchange Kraken Sees Handful of Senior Execs Depart: Source"},"content":{"rendered":"
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Four senior executives who work on the institutional side of business have recently left Kraken.<\/h2>\n

Updated Sep 17, 2025, 7:45\u202fp.m. <\/span>Published Sep 17, 2025, 6:22\u202fp.m. <\/span><\/p>\n<\/div>\n

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Kraken, the cryptocurrency exchange preparing for a potential public listing<\/a> in the U.S. early next year, has seen the departure of four senior executives from the institutional side of the business, according to a person familiar with the matter.<\/p>\n

Those who have recently left Kraken are: David Olsson, global head of institutional sales; Shannon Kurtas, head of exchanges and a VP of product and the Pro service; Jeff Kramer, a director of OTC trading and Sanjay K, OTC trading lead for Americas, the person said, who declined to be identified.<\/p>\n

Kraken declined to comment on the departures, none of whom immediately responded to requests for comment.<\/p>\n

Kraken was reported to have trimmed \u201chundreds\u201d of jobs ahead of a U.S. listing planned for the first quarter of 2026<\/a>. Back in April of this year, a Kraken spokesperson said the firm was \u201cmaking the difficult decision to eliminate certain roles and consolidate teams where redundancies exist, while continuing to hire in key areas of the business.\u201d<\/p>\n

Kraken’s income in Q2 2025<\/a> was 6.8% lower than in the equivalent quarter one year ago. The San Francisco, California-based exchange reported EBITDA of $79.7 million, versus $85.5 million in Q2 2024.<\/p>\n

Read more: Kraken Sheds \u2018Hundreds\u2019 of Jobs to Streamline Business Ahead of IPO, Sources Say<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n

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