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Kraken pronounces management succession plan


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After a rigorous inner and exterior search over the previous 12 months, Kraken is thrilled to announce that our COO Dave Ripley will succeed Kraken’s Co-founder and CEO Jesse Powell, who will turn into chairman of the board of administrators. Dave has been constructing the way forward for monetary freedom and inclusion alongside Jesse for six years and can assume the position of CEO after a seek for his successor is accomplished.

“Dave’s confirmed management and expertise give me nice confidence that he’s the best successor and the most effective individual to steer Kraken by way of its subsequent period of progress,” mentioned Jesse. “I sit up for spending extra of my time on the corporate’s merchandise, person expertise and broader {industry} advocacy.”

As an completed chief at Kraken, Dave has performed an instrumental position in rising our firm and scaling our operations. He efficiently grew Kraken from 50 to over 3,000 workers, whereas additionally finishing greater than 16 acquisitions and securing a number of regulatory licenses and partnerships.

“My imaginative and prescient, together with the remainder of the management group, is in lockstep with Jesse’s — to speed up the adoption of cryptocurrency,” mentioned Dave. Underneath his management, Kraken will proceed to spend money on the continuing growth of our product portfolio, serving to purchasers navigate the crypto panorama irrespective of the place they’re of their crypto journey.

With almost a decade of crypto {industry} management expertise, Dave joined Kraken by way of our acquisition of Glidera, an award-winning crypto pockets funding service the place he was co-founder and CEO. He began his profession as a software program engineer and product supervisor, earlier than becoming a member of the Boston Consulting Group the place he suggested executives all through the monetary companies {industry} on high strategic priorities.

Over the previous 11 years, Kraken has advanced from a bitcoin change into a various crypto platform. Our merchandise embrace an intensive suite of buying and selling instruments and academic assets, industry-leading staking companies, futures buying and selling and an OTC desk. Kraken will quickly launch its personal NFT market.

We’re grateful for Jesse’s management, in addition to his dedication to crypto values and Kraken’s mission over the past 11 years — and we’re thrilled to have Dave as our new CEO as we embark on our second decade of progress and international adoption.

 


These supplies are for common data functions solely and usually are not funding recommendation or a suggestion or solicitation to purchase, promote or maintain any digital asset or to have interaction in any particular buying and selling technique. Some crypto merchandise and markets are unregulated, and also you might not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and you must search impartial recommendation in your taxation place.

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