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 is resigning from his role and naming 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 says that his goal as CEO won’t be much different from Powell’s – to expedite the adoption of digital assets.
As stated by Powell,
“[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