Crypto exchange Kraken has shut its Abu Dhabi office less than a year after winning a local license, part of a retrenchment that involves cutting almost a third of its global workforce.
Kraken laid off the majority of its team focused on the Middle East and North Africa, affecting about eight roles, a spokesperson said. A registry for Abu Dhabi Global Market, where Kraken received a crypto license last April, no longer shows an active entity in the company’s name.