Kraken, one of the oldest cryptocurrency exchanges, has just made its management change. After announcing his departure last September, Jesse Powell, co-founder of the exchange, officially handed over his place as CEO to Dave Ripley. Powell will remain chairman of the board, however, and will focus on improving the user experience of Kraken and its products.
Dave Ripley takes over from Jesse Powell at Kraken
Last September, Jesse Powell announced that after careful consideration, he wanted to give up his position as CEO at the Kraken exchange in order to focus fully on the adoption of cryptocurrencies.
After a few months, the transition finally takes place within the exchange, and it is Dave Ripley who will come to take the reins of one of the oldest cryptocurrency exchanges. Jesse Powell, who is also the co-founder of the exchange, will thus take the place of chairman of the board of directors.
Thus, and as he himself had previously announced, Jesse Powell will focus on improving the user experience of Kraken and the various products offered on the platform.
According to the press release, these months of transition were necessary in order to ensure that Kraken would be in a strong position for the next phase of market growth, in particular by changing the management team. Thus, beyond the position of CEO and Chairman of the Board of Directors, a new General Manager for North America has been recruited, in addition to 2 other key positions and various internal promotions.
Jesse Powell, historic advocate of the freedom philosophy inherent in Bitcoin (BTC), reiterated his full confidence in Dave Ripley :
“Dave has been an incredibly valuable colleague and partner for years. There is no other leader in this industry with the belief, experience and crypto character that Dave brings. As the founder himself, he has a deep and unparalleled understanding of our business, our customers and the opportunities available to Kraken. »
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What to expect from Kraken for times to come?
Although the year 2022 turned out to be a tumultuous year for the cryptocurrency market, between Terra (LUNA), 3AC, Celsius or more recently FTX, Kraken is among the leading companies that have continued to enrich their offer.
Indeed, last December, the exchange officially deployed Kraken Pro, its fully modular advanced trading platform which was until now in beta phase. At the same time, its platform dedicated to non-fungible tokens (NFT), announced free of charge, was launched in its trial phase.
An offer that should continue to growaccording to Dave Ripley:
“As we move forward, the challenges and opportunities will continue to change, but Kraken’s mission and values will remain deeply embedded in its DNA. We remain committed to driving cryptocurrency adoption and unlocking its full potential while keeping our customers at the forefront of everything we do. »
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Source: Press release
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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