Cryptocurrency change Kraken is whisking the overwhelming majority of its workers off to an idyllic Caribbean island in January of subsequent yr, to energise the agency forward of a much-anticipated itemizing within the U.S. subsequent yr, based on two individuals accustomed to the plans.
An individual accustomed to the plans requested that the precise location of the team-building jaunt not be printed for safety causes.
Kraken has additionally handed all its workers a particular one-off bonus, based on the sources.
The constructive vibes might be a tonic, provided that earlier this yr, Kraken was reported to have reduce “a whole lot” of workers.
Kraken declined to remark.
The change 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 gadgets 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 yr, based on one of many individuals.
A consultant from Kraken declined to touch upon the timing of the agency’s IPO submitting.