Kraken: Cryptocurrency exchange Kraken cuts redundant roles amid traditional finance push

In a statement on its blog, Kraken had called the dismissal a turning point for cryptocurrency that ended a "wasteful, politically motivated campaign" begun during the Biden administration, and which hindered both innovation and investment. In March, the cryptocurrency exchange said that it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset classes and grow its user base.