Source: Kraken cut ~150 staff after AI tools improved efficiency and its IPO may be delayed until late 2026 or early 2027 due to a drop in digital-asset prices (Olga Kharif/Bloomberg)

Kraken, a prominent cryptocurrency exchange, has laid off approximately 150 employees as a result of enhanced efficiency from AI tools. Additionally, the company is facing a potential delay in its initial public offering (IPO), which may now occur in late 2026 or early 2027, attributed to declining digital-asset prices.