Share this article
Crypto Exchange Kraken Is Taking Staff on Caribbean Island Retreat in January: Sources
Kraken has also handed all its employees a special one-off bonus, according to the sources.
Updated Oct 22, 2025, 7:43 p.m. Published Oct 22, 2025, 7:33 p.m.
Make us preferred on Google
What to know:
- Crypto exchange Kraken is bringing the vast majority of its staff to a Caribbean island holiday early next year.
- Kraken appears to be on something of a roll, having just reported that its revenue more than doubled in Q3.
- The company’s S1 filing with the U.S. Securities and Exchange Commission (SEC) is expected to land before the end of this year, according to a source.
Cryptocurrency exchange Kraken is whisking the vast majority of its staff off to an idyllic Caribbean island in January of next year, to energize the firm ahead of a much-anticipated listing in the U.S. next year, according to two people familiar with the plans.
A person familiar with the plans requested that the exact location of the team-building jaunt not be published for security reasons.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Kraken has also handed all its employees a special one-off bonus, according to the sources.
The positive vibes will be a tonic, given that earlier this year, Kraken was reported to have cut “hundreds” of staff.
Kraken declined to comment.
The exchange appears to be on something of a roll, having just reported that its revenue more than doubled in Q3. The company's adjusted earnings before taxes and other items reached $178.6 million, up 124% quarter-over-quarter, with volume rising 23% to $561.9 billion.
The company’s S-1 filing with the U.S. Securities and Exchange Commission (SEC) is expected to land before the end of this year, according to one of the people.
A representative from Kraken declined to comment on the timing of the firm’s IPO filing.
More For You
More For You
South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets
The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet technology and real-world asset tokenization.
What to know:
- Kresus has secured roughly $13 million (KRW 18 billion) from Hanwha Investment & Securities.
- The funding will support enterprise wallet infrastructure and real-world asset (RWA) tokenization platforms.
- The deal signals continued institutional investment in blockchain infrastructure despite uneven crypto markets.
Top Stories
