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Kraken announces layoffs and appoints Arjun Sethi as new Co-CEO, reducing workforce by 15%


The popular cryptocurrency exchange has recently announced a series of reorganizations within its structure. These changes come as the company looks to streamline its operations and adapt to the rapidly changing landscape of the cryptocurrency market.

One of the key changes includes the reorganization of its leadership team, with new executives being brought in to lead various departments. The company is also focusing on expanding its customer service capabilities, with plans to beef up its support team in order to better serve its growing user base.

In addition, the exchange is looking to enhance its technological capabilities, with a focus on improving security measures and upgrading its trading platform. These changes come as the company aims to stay ahead of the competition and provide a more seamless trading experience for its users.

Overall, the cryptocurrency exchange’s reorganizations signal a continued commitment to growth and innovation in an increasingly competitive market. As the cryptocurrency landscape continues to evolve, the exchange is positioning itself for long-term success by investing in its infrastructure and talent.

Investors and users of the exchange can expect to see continued improvements in the coming months as these reorganizations take effect. With a renewed focus on customer service, technology, and leadership, the exchange is poised to maintain its position as a leading player in the cryptocurrency market.

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