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> what in the world is Kraken doing with ~3400 Kraken is one of the OG cryptocurrencies exchange. Maybe the oldest still around. They're in the business sinc
by TacticalCoder 4y ago
> what in the world is Kraken doing with ~3400
Kraken is one of the OG cryptocurrencies exchange. Maybe the oldest still around. They're in the business since 2013 or so.
Since then the Crypsy, Quadriga, Mt Gox, FTX, etc. have all come and gone (with their customers' money) but Kraken is still there. If they are on a scam, it's a really long con: a decade and a half of a con?
They're not "Binance big" but they do nearly as much volume as Coinbase, so 3 400 employees doesn't feel that surprising.
I don't think BlockFi did anywhere near the volume of trades Kraken is doing. As I understand it BlockFi was some kind of a "fire and forget" thing where you'd loan your crypto and get some yield in return. So very little things actually happening there compared to Kraken.
Yes, 900 employees was insanely huge for BlockFi. But I don't think 3 400 employees for Kraken looks that crazy.
- kasey_junk 4y agoThe CME has ~3400 employees.
- awinder 4y ago3400 employees at 1.4B revenue (2021) is not great, it’s lower than twitters per employee ratio which was also not great. Amongst financials that headcount-to-revenue is pretty abysmal.
- andirk 4y agoWhy is headcount so important? Especially for internationally run (read: not Silicon Valley expensive) companies and with probably large customer service depts (read: not expensive), is the headcount number that easy to use as a metric?
- FireBeyond 4y ago> They're in the business since 2013 > If they are on a scam, it's a really long con: a decade and a half of a con? How is 9 years "a decade and a half"?
- TacticalCoder 4y agoOops my bad. Well at least Kraken started in 2011, so it's more than a decade old, but they only signed up customers starting from 2013. But yup, I got my math really wrong there!