Kraken CEO Jesse Powell moving to Chairman role to focus on cryptocurrency industry advocacy


Xeggex

Kraken’s Co-founder and CEO Jesse Powell is stepping down from his position and will be replaced by the firm’s  COO Dave Ripley, according to a Sept 21 press statement.

Powell will become the chairman of the company’s board; he will now be focusing on product development and cryptocurrency industry advocacy.

The press release stated that Ripley had acted as the cryptocurrency exchange’s COO for the past six years. During this period, he helped grow the firm’s workers by 60x and assisted in “16 acquisitions and secured a significant number of global regulatory licenses and partnerships.”

Ripley said his vision would be to “accelerate” cryptocurrencycurrency adoption.

Ripley is expected to assume his new position after the firm completes its search for a new COO.

Earlier in the year, Powell was in the news for saying some of the firm’s employees were a “bad fit.” Then, he said employees were asked to either commit to the company or receive their pay and leave.

Powell also said he hoped to buy a Bugatti with 1 Bitcrypto (BTC) before the end of the year.

Under Powell, Kraken was able to cement itself as one of the leading cryptocurrency exchanges in the world. According to Coingecko data, the exchange’s trading volume is over $632 million.

Posted In: Kraken, Exchanges



Source link

Latest

Newsletter

spot_img

Don't miss

How Much Energy Do NFTs Use? Less Than You May Think

Key Takeaways NFTs have faced major criticism concerning their...

Bitcrypto Cost Basis metric indicates short-term holder capitulation

The Bitcrypto: Cost Basis metric,...

Ethereum Staking Yields. Ethereum’s staking yields can range… | by Marc Arjoon | Sep, 2022

Ethereum’s staking yields can range between 5% and...
spot_imgspot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

ajax-loader
Send this to a friend