Kraken CEO to leave his post in the coming months
Jesse Powell will be replaced by Dave Ripley, the exchange’s chief operating officer
22.09.2022 - 06:45
331
1 min
0
What’s new? The CEO of cryptocurrency exchange Kraken Jesse Powell will leave his post in the next few months. The main reason for the departure is a conflict between Powell and employees that arose amid his messenger messages about race and gender, The New York Times reports.
What is known about the conflict? In the spring of 2022, Powell posted provocative messages about race and gender on the company’s chat, urging those who disagreed with his values to leave the company. In his messages, he questioned employees’ use of certain pronouns and argued about whether women are inherently less intelligent than men.
Following Powell’s departure, Dave Ripley, Kraken’s chief operating officer, will take his place. The transition will take place in the coming months after Ripley’s replacement is found. It is also known that Powell will remain at Kraken as chairman of the board of directors. The company noted that Powell plans to spend more time on Kraken’s products and user experience.
What is known about Kraken? The exchange was registered in the United States in 2011. The founder is Jesse Powell. More than 120 digital and 7 fiat currencies are available for trading on the platform. Kraken has more than 8 million traders worldwide as clients. As of September 22, the daily trading volume is $829,04 million, according to aggregator CoinGecko.
In August, Powell criticized the US Treasury Department’s sanctions against crypto mixer Tornado Cash. He noted that users “have a right to financial privacy” and that many use the service for legitimate purposes.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 542
BTC
+1.13%
-
Ethereum
$3 356.34
ETH
+7.17%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.4
XRP
+23.86%
-
Dogecoin
$0.388447
DOGE
+1.62%
-
Cardano
$0.85812
ADA
+10.28%
-
Bitcoin Cash
$488.28
BCH
-5.11%
-
Polkadot
$6.06
DOT
+7.66%
-
Stellar XLM
$0.283421
XLM
+16.23%
-
Litecoin
$90.49
LTC
+1.21%