We’ve come a good distance since Kraken introduced its management succession plan final September. This week Dave Ripley will formally begin as Kraken’s CEO, whereas outgoing CEO and co-founder Jesse Powell will transfer into his new position as Chairman of the Board. 

Over the previous couple of months, the management group at Kraken has completed a whole lot of work to make sure a easy transition. We efficiently navigated a variety of business challenges, launched a number of new merchandise, and additional strengthened our govt bench. We did this to make sure Kraken is in a robust place for the subsequent section of progress below Dave’s management. 

We have now much more thrilling stuff developing and we’re trying ahead to sharing extra within the weeks and months to come back. 

“Dave has been an extremely valued colleague and thought accomplice for years. There’s no different chief on this business with the crypto conviction, expertise and character that Dave brings,” stated Jesse. “As a founder himself, he has an unparalleled and deep understanding of our enterprise, our shoppers, and Kraken’s alternatives forward.”

After a interval of unprecedented progress, 2022 was a tumultuous yr for crypto. Throughout the transition interval, Kraken has introduced its group in step with present demand to successfully develop market share and scale its enterprise globally.

“Jesse’s management over the previous 12 years has been instrumental in making Kraken the mission-driven powerhouse it’s immediately,” stated Dave. “As we transfer ahead, the challenges and alternatives will proceed to vary, however Kraken’s mission and values will stay deeply ingrained in its DNA. We keep dedicated to driving crypto adoption and unlocking its full potential whereas maintaining our shoppers on the forefront of the whole lot we do.”