BREAKING: Jesse Powell steps down as CEO of crypto exchange, Kraken

The CEO of Kraken, a popular crypto exchange, Jesse Powell, has announced that he is stepping down as CEO of the crypto exchange that he founded back in 2011.

He will be replaced by current CEO Dave Ripley. However, Powell will become the company’s first chairman of the board.

The news comes as the crypto industry is in the midst of a bearish period that has seen more than $2 trillion wiped from its market capitalization and seen the price of bitcoin fall from close to $70,000 to $19,321.00 as of 2:37 pm EDT.


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