Kraken COO Dave Ripley Promoted to CEO, Succeeding Jesse Powell

​(Source: LinkedIn)

Kraken, one of the world's largest crypto exchanges, announced yesterday that its COO Dave Ripley has been selected to assume the role of CEO, succeeding Jesse Powell, who is also the co-founder and will become chairman of the board of directors.

Dave has been with Kraken for six years, and he joined the crypto exchange through its acquisition of Glidera, a digital currency wallets where he served as co-founder and CEO for nearly three years.

"As an accomplished leader at Kraken, Dave has played an instrumental role in growing our company and scaling our operations. He successfully grew Kraken from 50 to over 3,000 employees, while also completing more than 16 acquisitions and securing multiple regulatory licenses and partnerships," said the firm.

"We are grateful for Jesse's leadership, as well as his dedication to crypto values and Kraken's mission over the last 11 years — and we are thrilled to have Dave as our new CEO as we embark on our second decade of growth and global adoption."

"First off, I am thoroughly grateful for Jesse Powell's leadership, dedication to the Kraken mission, and support for the crypto community for over 11 years. I'm honored to soon carry the flag after Jesse as Kraken's CEO," Dave posted on LinkedIn.

Jesse and Dave will work closely on their transition in the coming months as Jesse moves into the new role of chairman of the board.

In April, Fazzaco reported that Kraken has appointed Mayur Gupta​ as its CMO.