Thanks for sharing this. Will be interesting to see how Kraken moves forward. The fact that they did shut down though articulates to me that they are being wise with their business model. Rather than a façade of growth they willingly shut down a branch.

The link for this post is using an archive for the article on Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Bloomberg's website is:

Kraken Shuts Abu Dhabi Office as Crypto Exchanges Shrink https://www.bloomberg.com/news/articles/2023-02-02/crypto-exchange-kraken-shuts-abu-dhabi-office-cuts-jobs