E Point Perfect
Crypto

CEO of Major Crypto Exchange to Step Down



article image

Alex Dovbnya

Jesse Powell will step down from his role as the CEO of cryptocurrency exchange Kraken

Jesse Powell has decided to step down from his role as CEO of the Kraken cryptocurrency exchange, according to a Wednesday report by The Wall Street Journal

Powell will be replaced by Dave Ripley, the company’s current chief operating officer. For now, it is unclear who will succeed Ripley.  

Despite leaving the top job, Powell plans to continue playing an active role in the company as its biggest shareholder.     

Founded all the way back in 2011, Kraken is one of the oldest cryptocurrency exchanges. 

Ads

Last year, Powell said that his exchange could go public in 2022. While such a plan has likely been shelved, Kraken is among those few cryptocurrency companies that kept hiring in spite of the drastic cryptocurrency downturn, according to the report.          

In June, Powell stirred a controversy after making some bigoted comments and asking “triggered” employees to leave the company.  



Source link

Related posts

Bakkt and Sullivan Bank Join Forces to Provide Crypto Trading to Clients

Dawn Zuniga

JPMorgan Says You Should Sell Your Crypto

Dawn Zuniga

BabyDoge Outperforms the Whole Cryptomarket, What’s Happening?

Dawn Zuniga

BTC, ADA, BNB and LTC Price Analysis for September 3

Dawn Zuniga

52% of Dogecoin Addresses Remain in Profit Despite Recent Price Drop

Dawn Zuniga

Shiba Inu Retail Holders Buying up Recent SHIB Price Drop, Data Shows

Dawn Zuniga