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Kraken Co-Founder and CEO Jesse Powell Resigns and Appoints COO as Crypto Successor

The CEO of crypto exchange giant Kraken is stepping down from his post and naming his successor.
According to a new blog post from the company, Kraken’s co-founder and CEO is stepping down from his position and appointing Dave Ripley, the company’s current chief operating officer (COO), as his successor.

The company says it has been searching for a year to find a replacement for Powell, who will assume his new role as the company’s chief executive officer.

Ripley says his goal as CEO won’t be much different than Powell’s — to accelerate adoption of digital assets.

As stated by Powell,

“[Ripley’s] His proven leadership and experience give me great confidence that he is the ideal successor and the best person to lead Kraken through the next era of growth. I look forward to spending more time with the company’s products, user experience and broader industry advocacy.”

Last month, Powell said you can’t oppose Bitcoin (BTC)the top crypto asset after market capitalization, would bet. He said he is bullish on BTC because its fundamentals are improving and he hopes the crypto king will be worth a Bugatti by the end of the year.

“I wasn’t expecting all this macro craziness but I’m still hoping to be able to buy a Bugatti for a bitcoin by the end of the year…

I’m still very bullish, I bought Bitcoin back at $18,000 so I’m happy to ride it all the way back up. I’m still very optimistic about the long term [its] Fundamentals are always improving, so I would never bet against bitcoin.”

Featured image: Shutterstock/Demetrio Zimino

Source: Crypto News Deutsch

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