Jesse Powell, the co-founder of cryptocurrency exchange Kraken, will step down from his role as CEO and become chairman of the company's board, according to a Wednesday release. He founded the firm in 2011.Kraken Chief Operating Officer Dave Ripley will take over as CEO until the exchange completes its search for a successor, it said.Ripley was said to have grown Kraken to over 3K employees from just 50, while completing over 16 acquisitions and winning a number of regulatory licenses.Under his new CEO position, Ripley's vision involves accelerating "the adoption of cryptocurrency," he said in a statement. "Kraken will continue to invest in the ongoing expansion of our product portfolio, helping clients navigate the crypto landscape no matter where they are in their crypto journey."In April, Kraken set up shop in Abu Dhabi.
