Kraken publicizes management succession plan

After a rigorous inner and exterior search over the previous yr, Kraken is thrilled to announce that our COO Dave Ripley will succeed Kraken’s Co-founder and CEO Jesse Powell, who will turn out to be 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 perfect successor and the most effective individual to steer Kraken by way of its subsequent period of development,” stated Jesse. “I stay up for spending extra of my time on the corporate’s merchandise, consumer 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 staff, 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 staff, is in lockstep with Jesse’s — to speed up the adoption of cryptocurrency,” stated Dave. Below his management, Kraken will proceed to put money into the continued growth of our product portfolio, serving to purchasers navigate the crypto panorama regardless 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 prime strategic priorities.

Over the previous 11 years, Kraken has advanced from a bitcoin alternate into a various crypto platform. Our merchandise embody an intensive suite of buying and selling instruments and academic sources, 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 during the last 11 years — and we’re thrilled to have Dave as our new CEO as we embark on our second decade of development and world adoption.

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