Kraken, founded in 2011, is a United States-based cryptocurrency exchange. Known for its extensive range of cryptocurrencies and features such as futures trading, margin trading, and staking, it has become a leading platform in the crypto industry.
Kraken underwent a rebranding in 2019, introducing a more vibrant color scheme to differentiate itself in the tech and financial services sector. The company faced legal issues in 2023, including a $30 million settlement with the SEC for its staking services. Kraken emphasizes its libertarian values and has a controversial work culture, including discussions around gender pronouns and encouraging employees who disagree with its policies to quit.
In 2022, Kraken laid off about 30% of its workforce. Despite these controversies, Kraken remains a prominent player in the cryptocurrency exchange market, supporting over 130 tokens and focusing on institutional clients as well as retail traders. seattlekraken is tagged under cryptocurrency.
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