Jesse Powell

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Jesse Powell is an entrepreneur, based in San Francisco. He is well known as the Co-founder of Kraken.[1]

Career

In 2011, Jesse became the Co-founder and CEO of Kraken, a digital asset exchange.[1]

In 2018, there was a new report published by the New York attorney general’s office (OAG), which alleged that Kraken and two other Cryptocurrency exchanges may be operating in the state unlawfully. The agency said that it had referred this information to the state’s New York State Department of Financial Services (NYDFS), which oversees cryptocurrency trading in New York City.

Like many cryptocurrency exchanges, Kraken left New York after the state adopted its controversial BitLicense regulatory framework. Nevertheless, the report alleged that the exchange may be illegally serving New York traders.[3]


Moreover, Kraken received a questionnaire as part of the OAG’s probe, and, unlike several other exchanges that received questionnaires and quietly chose not to respond, loudly protested the "audacity" of the investigation.[3]


In 2019, Kraken acquired Crypto Facilities, a British trading firm that specializes in derivatives. The Crypto Facilities acquisition means Kraken is the first cryptocurrency exchange to offer both spot and futures trading in currencies like Bitcoin, Ethereum, and Ripple.[4]


Education

Jesse is a graduate of California State University, Sacramento.[1]

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