CEO of cryptocurrency exchange Kraken resigns

- Advertisement -

Investment fund worth more than 5 billion USD buys shares of Kraken exchange

Jesse Powell will step down as CEO of cryptocurrency exchange Kraken.

Jesse Powell has decided to step down as CEO of cryptocurrency exchange Kraken, according to The Wall Street Journal.

- Advertisement -

Powell will be replaced by Dave Ripley. Currently, it is not clear who will be Ripley's successor.

Despite leaving the job, Powell still plans to continue to take an active role in the company as largest shareholder.

He will take on the role Chairman of the Board of Directors of the company.

Founded in 2011, Kraken is one of the cryptocurrency exchanges longest life span. Currently, it has about 3.300 employees all over the world.

Last year, Powell said that his exchange could have an IPO in 2022. Kraken is one of the few crypto companies that continues to hire despite the severe crypto downturn, according to the report. .

In June, Powell stirred up a controversy after making some dogged comments and asking employees to leave the company.

US authorities are also said to be investigating Kraken for violating Iran sanctions.


See more:

1/5 - (1 votes)
- Advertisement -

COMMENT

Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Maybe you are interested

Alameda withdraws $204 million from FTX US a few days before the exchange crash

Alameda Research reportedly withdrew the most funds from FTX US, days before the crypto exchange filed...

FTX faces criminal and civil investigation in Bahamas

The Minister of Justice revealed that there is an ongoing criminal and civil investigation into FTX.General...

Binance has 582,485 bitcoins in reserve

Binance launched proof-of-reserves system, before the crash of FTX.Binance launched proof-of-reserves, starting with bitcoin, to prove...

Cryptocurrency exchange Bitget recruiting 400 new employees to expand into Africa

Bitget is growing where other competitors are dying. The exchange is increasing its staff by 50% to...

Binance CEO believes the market will recover in 2023

After a tumultuous 2022, Binance CEO Changpeng Zhao (CZ) believes that the crypto market in 2023 will be very...

Related posts

- Advertisement -