Cryptocurrency trade Kraken is whisking the overwhelming majority of its employees off to an idyllic Caribbean island in January of subsequent 12 months, to energise the agency forward of a much-anticipated itemizing within the U.S. subsequent 12 months, in line with two individuals conversant in the plans.
An individual conversant in the plans requested that the precise location of the team-building jaunt not be revealed for safety causes.
Kraken has additionally handed all its workers a particular one-off bonus, in line with the sources.
The constructive vibes might be a tonic, on condition that earlier this 12 months, Kraken was reported to have lower “a whole bunch” of employees.
Kraken declined to remark.
The trade seems to be on one thing of a roll, having simply reported that its income greater than doubled in Q3. The corporate’s adjusted earnings earlier than taxes and different objects reached $178.6 million, up 124% quarter-over-quarter, with quantity rising 23% to $561.9 billion.
The corporate’s S-1 submitting with the U.S. Securities and Change Fee (SEC) is predicted to land earlier than the top of this 12 months, in line with one of many individuals.
A consultant from Kraken declined to touch upon the timing of the agency’s IPO submitting.
