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Kraken Co-Founder and CEO Jesse Powell Steps Down

There are all kinds of juicy reports in the crypto space these days, despite the market’s massive volatility. Check out the latest reports below.

Kraken co-founder steps down

It’s been just revealed that the chief executive of crypto exchange giant Kraken is stepping down from his post and naming his successor.

According to a new company blog post, Kraken co-founder and CEO Jesse Powell stepped down from his role. It’s also worth noting that he named Dave Ripley, the firm’s current chief operating officer (COO), as his replacement.

The company says that the search to replace Powell, who will move on to his new role as the company’s chairman of the board of directors, took a year.

Ripley recently explained that his goal as CEO won’t be much different from Powell’s – to expedite the adoption of digital assets.

Powell stated the following:

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

Powell said that he wouldn’t bet against Bitcoin (BTC) and he explained that he’s bullish on BTC because its fundamentals were improving and that he hopes the king crypto would be worth a Bugatti by the end of the year.

“I wasn’t expecting all this craziness in the macro environment, however, I’m still hopeful that I’ll be able to buy a Bugatti by the end of the year for one Bitcoin…”

He continued and said this:

“I’m still very bullish, I bought Bitcoin again at $18,000, so I’m happy to ride it all the way back up. I’m still very bullish in the long run, [its] fundamentals keep improving, so I would never bet against Bitcoin.”

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