Kraken’s parent company, Payward, is reportedly restructuring its operations as it cuts around 150 jobs ahead of a planned IPO.

The move is seen as part of a broader strategy to improve efficiency, streamline internal operations, and strengthen the company’s position for public market expansion.
At the same time, Kraken is reportedly seeking fresh funding at a valuation close to $20 billion while continuing to pursue acquisitions and long-term growth opportunities.
The development reflects a larger trend across the crypto industry, where major exchanges are focusing not only on expansion but also on operational discipline and institutional readiness for the next market cycle.
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