Dave Ripley officially starts as Kraken’s CEO, while outgoing CEO and co-founder Jesse Powell will move into his new role as Chairman of the Board. 

Thomas Perfumo, Head of Strategy at Kraken Digital Asset Exchange, shares what shaped the crypto space in 2022 and what investors may want to know about the industry going into the new year. Perfumo also shares the biggest risks and opportunities for the space.

Kraken hired C.J. Rinaldi as its chief compliance officer. Rinaldi formerly worked at the crypto services firm Blockchain.com as chief compliance officer.

Jonathon Miller, managing director of crypto exchange Kraken Australia, told Cointelegraph “The persistent adoption of crypto technology by financial institutions like ANZ and now NAB for its potential to create significant efficiencies in the financial system [...] is an explicit recognition of the competitive advantage over traditional payment systems."

Crypto’s credit crisis was underpinned by a lack of diversity in counterparties, according to Diogo Monica, co-founder of crypto financial services provider Anchorage. Panelists at the CFC Conference in St. Moritz agreed that decentralized lending could also play a larger role in the crypto credit market.

"For 2023, we are focused on enhancing our utilization of technology to further strengthen our robust compliance program," David Zacks, the company's senior director of compliance, tells Axios.