The reasons for this decision were attacks on employees for robbery on their way to or from the office

​Kraken crypto exchange to close its San Francisco headquarters

08.04.2022 - 14:40

170

1 min

What’s new? Kraken, one of the largest cryptocurrency exchanges in the United States, intends to close its San Francisco headquarters. This was reported on Twitter by political commentator Richie Greenberg, citing a statement of the exchange’s CEO Jesse Powell. .

Source: Twitter.com

Who else is planning to close its headquarters? US cryptocurrency exchange Coinbase announced back in 2021 that it will close its San Francisco headquarters in 2022. In this, its representatives made no mention of crime or danger to employees. After the closure, the company will switch completely to remote operations.

What had happened before? In early March, Powell announced that Kraken will not block clients from Russia without appropriate legal requirements amid economic sanctions.

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