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Crypto Exchange Kraken’s Anti-Woke Stance: An Experiment in Crypto Workplace Culture

CoinDesk reporter Cheyenne Ligon unravels the workplace culture war waging at Kraken.

August 18, 2022
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After debate about the role of politics in the workplace erupted surrounding cryptocurrency exchange Kraken, CEO Jesse Powell offered a severance package to employees who weren’t ready to leave politics at the door. More than a month after the offer, less than 1% of employees have accepted.

“Opinionated” hosts Ben Schiller, Danny Nelson and Anna Baydakova are joined by CoinDesk reporter Cheyenne Ligon to discuss her piece “In Crypto Winter, Jesse Powell’s Pirate-King Leadership Style Might Be the New Normal” detailing the workplace culture war waging at Kraken, and how a crypto winter might be altering employees’ decisions. Are Kraken’s new standards for workplace culture going to become standard across the crypto industry?

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This show is produced and edited by Eleanor Pahl with additional production support and announcements by Michele Musso. Our theme song is by Elision.