Another banger year from Kraken w/ $2.2b of revenue and $530m of adjusted EBITDA. Criminally slept on business in the space that's finally starting to get some credit. Thing most missed was the leadership transition re-architected the entire DNA of the company. Can now see it play out w/ the range of acquisitions (Ninja Trader, Breakout, Xstocks), the approach to their institutional business, the adoption of equities + payments + licenses, and the strategic approach they're taking to Ink Congrats to the team, awesome stuff and wishing them luck as they head down the path to IPO *Also new Payward architecture (parent company that holds Kraken, Xstocks, NT, CF Benchmarks, Breakout) is a good inside look at how they're building out their business for the future