Kraken Appoints Former StockX Executive Vishnu Patankar as CTO
SAN FRANCISCO--Kraken, one of the world's longest standing and most trusted crypto platforms, today announced the appointment of Vishnu Patankar as Chief Technology Officer (CTO). Patankar brings more than twenty years of technology expertise to Kraken and has helped Fortune 500 companies like Microsoft, Amazon, Intel and Groupon scale products impacting millions of clients worldwide.
At Kraken, he will lead the engineering team and work with the company’s leadership to deliver the next generation of products and services. His focus will be on scaling the company into the most promising areas of crypto while maintaining its security-focused and client-obsessed ethos.
"Vishnu is a true leader in his field. He is a seasoned executive with deep expertise across all aspects of product development and tech leadership,” said Dave Ripley, CEO of Kraken. “He has built and led large, globally distributed engineering teams at some of the most innovative companies. He's a strategic and technical leader who is well equipped to build and optimize Kraken’s technology to deliver the most secure and scalable product experiences. We're thrilled to have him join our team."
An engineering leader with strong business acumen, Patankar helped build early scalable decentralized technologies by driving the development of products and infrastructure to service millions of clients around the world. Before joining Kraken, he was CTO at StockX where he played an integral part in facilitating the company's growth and launching its NFT offering.
"I'm excited to join Kraken and help propel the company's mission and vision forward," said Patankar. "Kraken is an authentic brand with a strong focus on its mission and client trust. I see the opportunity to bring the company's track record of continuous innovation to the next level, while ensuring we can successfully scale the company's technology to onboard the next 100 million consumers into crypto. I look forward to being part of this journey."
To learn more, please visit Kraken’s blog.
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Kraken Reaffirms Commitment to Driving Crypto Adoption in Canada
Pre-registration undertaking with Ontario Securities Commission reinforces long-term commitment to Canadian market
TORONTO – Kraken, one of the world’s longest-standing and most trusted crypto platforms, announces it has filed a pre-registration undertaking with the Ontario Securities Commission as it works towards becoming a registered Restricted Dealer across Canada. This undertaking demonstrates Kraken’s commitment to comply with the Canadian Securities Administrators’ recently enhanced investor protection guidance.
“Canada as a geography is critical to our mission to empower people with new ways to connect and transact.” said David Ripley, Kraken’s Chief Operating Officer and incoming CEO. “Trading platforms that prioritize compliance and secure trading experiences will have more success advocating for crypto’s economic benefits and transformative potential for crypto traders and investors.”
The relationship between Canadians and traditional financial services providers creates a unique opportunity for the crypto industry. Data suggests that close to 15%, roughly five million, of Canadians are underserved by the existing banking sector, and a further one million have no access to mainstream financial services at all. Those with banking access face costly administrative fees and lengthy settlement times for transactions. Meanwhile, Canadians are receptive to the crypto sector. According to a 2022 Ipsos study of Canadians, 38% believe crypto assets play a key role in financial services, and 13% currently own cryptoassets.
“We want both existing and prospective clients to know Kraken remains committed to Canada,” said Mark Greenberg, Managing Director for Canada at Kraken. “As we forge this new regulatory path, we’ll continue engaging with our local regulators to enhance understanding of crypto’s economic benefits and transformative potential. We believe in offering clients a compliant trading platform that leverages our robust security protocols, unrivaled 24/7, live customer services support, industry-leading liquidity and a superior product offering.
Kraken is an industry-leading digital asset platform that has served Canadian clients for over 10 years. With over 250 team members based in Canada - making it one of the largest crypto employers in the country - Kraken provides a customizable trading experience for all levels of Canadian crypto traders. Kraken has been registered as a money services business in Canada with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) since 2019.
The platform offers more than 175 digital assets to trade on a global spot market through its mobile app and online trading platform. Kraken clients can take advantage of five CAD trading pairs, transparent fees and tight trading spreads. The platform also offers direct access to Canadian order books ensuring one of the fastest and most seamless crypto trading experiences in Canada today.
Over the coming months, Kraken will be making certain changes to services in Canada and will notify clients prior to any changes that will impact trading experience.
Kraken is one of the world’s longest-standing digital asset platforms. Globally, Kraken’s client base trades more than 200 digital assets and 6 different fiat currencies, including GBP, EUR, USD, CAD, CHF and AUD.
Kraken, over 2,000 strong, was founded in 2011, and is trusted by over 10 million clients worldwide with round-the-clock online support. As part of Kraken’s high bar for transparency and earning its clients’ trust, it was the first company to conduct Proof of Reserves audits.
For more information about Kraken, please visit www.kraken.com.
Williams Racing and Kraken Announce Global Crypto Partnership Ahead of Australian Grand Prix
Melbourne, Australia – Ahead of this weekend’s Australian Grand Prix in Melbourne, Williams Racing and Kraken announce a major new global partnership, with the world-leading and trusted crypto platform becoming the team’s first ever Official Crypto and Web3 Partner.
Founded in 2011, Kraken is one of the world’s largest digital asset platforms with over 10 million clients trading more than 200 crypto assets and six fiat currencies through its mobile app and state-of-the-art trading platform.
Kraken’s mission is to empower people with new ways to connect and transact. It has a track record of providing secure and seamless access to crypto through versatile funding options and a comprehensive product offering. In 2022, Kraken launched a digital collectibles marketplace to enable its clients to explore this exciting new ecosystem.
Kraken and Williams Racing share a legacy of success and values of innovation, integrity, and a commitment to provide excellent experiences for both fans and clients. As the first partnership of its kind for Kraken, it represents an opportunity to engage with fans and crypto holders in exciting new ways in one of the fastest growing sports in the world.
Kraken branding will adorn the FW45 halo and rear wing for the remainder of the 2023 FIA Formula One World Championship season, as well as adorn driver race suits and team and driver caps. In line with Kraken’s commitment to driving global awareness and adoption of crypto, the rear wing will showcase KrakenNFT customer-owned digital collectables artwork from leading third party NFT projects at select Grands Prix. Williams and Kraken will also collaborate on the design of limited-edition driver caps for select Grands Prix throughout each year.
Putting the fans and community at the heart of its activations, Kraken will also participate at selected Williams Racing fanzone initiatives throughout the season, with pop-up experiences in cities throughout the calendar. In 2023, the fanzones will appear to complement the races in Melbourne, Miami, Silverstone, Singapore, Austin and Las Vegas.
During the partnership, Kraken will also produce content and experiences to educate and engage fans about the value and mission of crypto and Web3.
James Bower, Commercial Director, Williams Racing: “We are proud that Kraken is entering Formula 1 with Williams Racing, bringing together two of the most trusted and longest standing brands in our respective industries. We’re excited to get the partnership underway to offer our fans cutting-edge crypto and Web3 experiences, while also enabling Kraken to reach new institutional clients and businesses through our network and events.”
Mayur Gupta, Chief Marketing Officer, Kraken: “Kraken’s partnership with Williams Racing shows what is possible when you combine a great mission with excellence, innovation and breakthrough performance. These are both iconic brands that have stood the test of time. We’re excited to engage with both Kraken’s and Williams Racing’s global communities, showcasing the power and life-changing impact of crypto and Web3.”
Kraken Appoints CJ Rinaldi as Chief Compliance Officer
New CCO brings three decades of financial services experience
SAN FRANCISCO – Jan. 24, 2023 – Kraken, one of the world’s largest and most-trusted crypto platforms, today announced the appointment of CJ Rinaldi as Chief Compliance Officer. CJ’s decades of experience, both in traditional and decentralized finance, will further strengthen Kraken’s compliance program amid a fast-evolving regulatory landscape.
“To accelerate the adoption of cryptocurrencies around the world, Kraken must continue to navigate an increasingly complex regulatory landscape,” said Kraken’s incoming CEO David Ripley. “CJ’s impressive international career in both the private and public sectors positions us for continued success in meeting global compliance needs.”
CJ was previously Chief Compliance Officer at Blockchain.com, where he was tasked with building out global compliance frameworks and mitigating compliance risk for the firm. Prior to that, CJ had several roles at Deutsche Bank, including Chief Compliance Officer for its swap dealer and US broker dealer. He also served as Head of Business Line Anti-Financial Crimes Compliance supporting its investment bank, where he led a global team tasked with mitigating financial crime risk, implementing procedures and controls through effective and efficient operational solutions.
“Kraken's commitment to security and transparency while building world class products and services makes it the gold standard in an industry that’s shaping the future of finance. It is trusted players like Kraken that will help ensure the crypto ecosystem operates within all regulatory frameworks” says Rinaldi. “I am excited to grow Kraken’s data-driven approach to compliance, ensuring the protection of both the company and its clients.”
Prior to Deutsche Bank, CJ worked at UBS Investment Bank in multiple roles, including as Global Head of Client Infrastructure. He also served as Senior Counsel in the Enforcement Division of the U.S. Securities and Exchange Commission.
Guy Hirsch Joins Kraken as Managing Director of North America
Guy brings over a decade of financial services experience to Kraken’s North American growth efforts.
SAN FRANCISCO – January 13, 2023 - Kraken, one of the world’s largest and most-trusted digital asset platforms, is pleased to announce Guy Hirsch was appointed as Managing Director for North America. In this role, Guy will be responsible for overseeing the growth and expansion of Kraken’s operations in the United States and Canada. He will also lead the company’s efforts to build strong relationships with regulators, institutions and retail clients within the region.
About Guy Hirsch:
Hirsch has more than 20 years of experience overall, with a recent focus on digital assets and fintech. Prior to joining Kraken, Guy led eToro’s expansion into the US and oversaw US operations. At eToro, he helped secure 26 money transmitter licenses, and a FINRA membership to allow eToro to launch stock trading in the US. Prior to eToro, Guy held leadership positions at Samsung, and founded two VC-backed startups.
Guy Hirsch, Managing Director, North America: “In spite of the current bear market, I look forward to helping shepherd Kraken’s new licensing and regulatory efforts in the region” said Guy. “Kraken’s reputation within the crypto ecosystem precedes it, and I am confident that we will continue to responsibly advance the adoption of cryptocurrency with the United States.”
Crypto 101: A Beginner’s Guide to Crypto
Staying true to our mission to bring crypto to everyone, Kraken CEO Jesse Powell explains it all in our new video series: Crypto 101.
Recognizing the importance of Bitcoin from the onset, and understanding that the exchange is the most critical part of the cryptocurrency ecosystem, Jesse Powell co-founded Kraken to give people the means to quickly and securely invest in the space.
- Total team members2,300+
- Where they livein 60+ countries
- Tokens offered90+
- Cash currencies offered7
- Supported countries190
- MascotKraken, of course
- What we call our logo“The Beast” or “Creature”