October 23, 2025
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Crypto Exchange Kraken Is Taking Staff on Caribbean Island Retreat in January: Sources

Kraken has also given all its employees a special one-off bonus, according to the sources.”, — write: www.coindesk.com

Kraken has also given all its employees a special one-off bonus, according to the sources. Updated Oct 22, 2025, 7:43 pm Published Oct 22, 2025, 7:33 pm

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 US 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A person familiar with the plans requested that the exact location of the team-building jaunt not be published for security reasons.

Kraken has also given 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 employees.

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 US 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.

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Kraken Revenue More Than Doubled in Q3 as Company Preps for Possible IPO

Kraken on phone (PiggyBank/Unsplash, modified by CoinDesk)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.

What to know:

  • Kraken’s revenue more than doubled in Q3 to $648 million, a 114% increase from the same period last year.
  • The company’s adjusted earnings before taxes and other items reached $178.6 million, up 124% quarter-over-quarter, with total volume rising 23% to $561.9 billion.
  • Kraken’s performance adds weight to its plans for an initial public offering in the US, following a $500 million funding round valuing it at $15 billion.

Read full story

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