It’s official: Dave Ripley takes the helm as Kraken’s new CEO

We’ve come a good distance since Kraken announced its leadership succession plan final September. This week Dave Ripley will formally begin as Kraken’s CEO, whereas outgoing CEO and co-founder Jesse Powell will transfer into his new position as Chairman of the Board. 

Over the previous couple of months, the management group at Kraken has achieved quite a lot of work to make sure a clean transition. We efficiently navigated plenty of business challenges, launched a number of new merchandise, and additional strengthened our government bench. We did this to make sure Kraken is in a robust place for the following part of progress beneath Dave’s management. 

We’ve much more thrilling stuff arising and we’re wanting ahead to sharing extra within the weeks and months to return. 

“Dave has been an extremely valued colleague and thought companion for years. There’s no different chief on this business with the crypto conviction, expertise and character that Dave brings,” stated Jesse. “As a founder himself, he has an unparalleled and deep understanding of our enterprise, our purchasers, and Kraken’s alternatives forward.”

After a interval of unprecedented progress, 2022 was a tumultuous 12 months for crypto. In the course of the transition interval, Kraken has introduced its group in keeping with present demand to successfully develop market share and scale its enterprise globally.

“Jesse’s management over the previous 12 years has been instrumental in making Kraken the mission-driven powerhouse it’s at the moment,” stated Dave. “As we transfer ahead, the challenges and alternatives will proceed to vary, however Kraken’s mission and values will stay deeply ingrained in its DNA. We keep dedicated to driving crypto adoption and unlocking its full potential whereas maintaining our purchasers on the forefront of all the pieces we do.”