Kraken, a major American cryptocurrency exchange, has announced plans to restructure its operations to become the world's leading crypto platform. The exchange will reduce its workforce by 15% as part of this initiative, aiming to prioritize innovation in its operations. Kraken will focus on product engineering and data-driven decision-making to better serve its clients. The company also revealed a new co-chief executive, Arjun Sethi, to lead this transformation. By streamlining its organizational structure, Kraken aims to enhance efficiency and maintain its innovative edge in the competitive crypto market. While the restructuring may pose risks in the volatile market, the exchange's strategic shift towards innovation and efficiency could propel its growth and success in the long run. Read more AI-generated news on: https://app.chaingpt.org/news