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Crypto Agitator Jesse Powell Steps Down as CEO of Kraken

Powell, the often controversial co-founder of the cryptocurrency exchange,  will be succeeded by COO Dave Ripley and take the role of chairman. 

Jesse Powell, CEO of Kraken, is making way for a successor during a downturn in crypto prices.

Jesse Powell, CEO of Kraken, is making way for a successor during a downturn in crypto prices.

Photographer: David Paul Morris
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Jesse Powell, the outspoken and often controversial co-founder of the Kraken cryptocurrency exchange, said he’s stepping down as chief executive officer to spend more time on the company’s products and broader industry advocacy.

Powell, 42, who is being succeeded by Chief Operating Officer Dave Ripley, 45, will become chairman of the board. The transition is expected to take place over the next few months once a new COO is selected.