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

CryptoSlate

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 crypto industry advocacy.

How To Get Free Crypto  

The press release stated that Ripley had acted as the crypto 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” cryptocurrency 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 Bitcoin (BTC) before the end of the year.

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

Posted In: Kraken, Exchanges

Go to Source
Author: Oluwapelumi Adejumo


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.