Tag: Dave Ripley

Evidently, the crypto industry moves into another transformative bull run. Kraken, one of the global crypto giant, just announced a 15% workforce cut, reshaping its leadership and structure. The move includes the exit of key executives and the appointment of Arjun Sethi as co-CEO, as Kraken aims to streamline and stay competitive in the turbulent crypto landscape.

Fortune and other media outlets reported that Kraken founder Jesse Powell announced that he is stepping down as CEO of the crypto exchange that he founded in 2011. He will be replaced by long-time COO Dave Ripley, who joined Kraken a few years ago when the exchange acquired crypto wallet firm Glidera. Forbes reports that Powell had been considering stepping down for some time. He will become Kraken’s first chairman of the board and plans to remain active at the firm.