Crypto company pledges to be world’s least progressive exchange

Crypto company pledges to be world’s least progressive exchange

CEO Jesse Powell unveiled a 31-page memo detailing Kraken’s libertarian values and presented employees with an ultimatum: sign on to the new philosophy, or never work at Kraken again. The cultural overhaul comes on the heels of a tumultuous crypto market, which has created rifts inside of Kraken. Company drama has played out over Slack messages and internal emails.

The Tentaclemandments of Kraken 😬 section of the memo lays out the new tenets of Kraken, as well as a “diversity of thought” initiative that would prohibit colleagues from describing each other's words as “racist” or “x-phobic”. Twitter users were quick to flame the company and its founder.

Read the memo for yourself, from More Pirate than Professional to Someone Must be Offended, Some of the Time.