Kraken traffic in decline, in line with the market

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City AM

By Darren Parkin by David F Carr of Similarweb When Kraken CEO Jesse Powell announced in late September he was stepping down, it was natural to ask – as observers do after most every major leadership change – is this company in trouble? Powell is moving to a board seat but plans to remain active as an advocate for the company. Of course, the cryptocurrency market as a whole has been under stress for most of 2022, with Bitcoin and other crypto assets suffering through a selloff and many crypto enterprises announcing layoffs – if not bankruptcies. By the yardstick of web traffic – which reflects…

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