Fintech entrepreneur and former Starling Bank CEO Bivu Das will oversee the exchange’s United kingdom division.
On the evening of October 27, 2023, Kraken, the best three cryptocurrency exchanges ranked by CoinMarketCap, appointed a new CEO in the United kingdom.
According to the announcement, Bivu Das, fintech entrepreneur and former CEO of Starling Bank, will change Blair Halliday in this part. Before joining Kraken United kingdom, the former CEO held the identical place at Gemini, a rival exchange.
Cryptocurrency exchange Kraken appoints a new CEO for its United kingdom operations https://t.co/gC0PJpSQYf
— Bloomberg (@enterprise) October 27, 2023
The new CEO of Kraken United kingdom has substantial working experience in the cryptocurrency discipline as a co-founder startup Unblock, supplies “on-ramp” and off-ramp payment gateways for digital assets.
Additionally, Bivu Das held the place of Chief Strategy Officer, enjoying an significant part in foremost the UK’s Starling Bank into intervals of solid development. Not only that, he has also worked with the major 4 qualified economic companies consultancies and classic United kingdom banking organizations this kind of as Barclays, KPMG and Deloitte.
In his new place, Bivu Das will oversee Kraken’s substantial network of relationships, which includes regulatory, political and industrial companies, to accelerate the growth of cryptocurrency adoption amid buyers, qualified traders and institutional customers in the United kingdom. Expressing his emotions on taking up the new place, Mr. Bivu Das mentioned:
“There are hundreds of thousands of folks in the United kingdom, as effectively as about the planet, who are disadvantaged by the existing economic program. Kraken’s mission is to accelerate cryptocurrency adoption, mixed with excellent product or service offerings.
I am proud to be a driving force behind Kraken’s operate in the United kingdom and seem forward to the up coming significant stage of the journey ahead.”
Also in the announcement, Kraken confirmed that it had acquired an working license issued by United kingdom Financial Conduct Authority (FCA), to turn into a “cryptocurrency exchange and custodial wallet service provider.” The exchange also claims to account for 50% of GBP spot trading volume in the cryptocurrency sector in the “foggy land.”
Kraken’s new CEO comes at a tricky time for cryptocurrency businesses in the United kingdom, as the newest laws on cryptocurrency marketing and advertising have triggered disruptions at overseas exchanges this kind of as Binance and Bybit.
For end users, these laws enable boost safety when participating in economic investments, on the other hand, they also “invisibly” turn into a “legal barrier” for digital asset businesses.
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