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Price data by
Deep DivesJesse Powell

Jesse Powell

Role

Founder and Chairman of the Board of Kraken Exchange

Location

San Francisco, California

Education

California State University-Sacramento(Philosophy w/ Concentration in Ethics & Law)

Current Project

Kraken Exchange,Verge Center for the Arts

Previous Projects

Internet Ventures & Holdings,Lewt, Inc.,Verge Gallery & Studio Project

Twitter

@jespow

LinkedIn

View Profile

About Jesse Powell

Jesse Powell is the CEO of the Kraken Exchange.

Recent News

  • Kraken CEO Jesse Powell. Photo: Decrypt/Jeff John Roberts

    Kraken Co-Founder Jesse Powell: SEC 'USA's Top Decel'

    Kraken co-founder Jesse Powell has come out swinging after the U.S. Securities and Exchange Commission filed charges against the exchange, dubbing the regulator the "USA's top decel." In a tweet, Powell argued that the SEC is "back with another assault on America," accusing it of "shopping for a different flavor of RegDom in CA" after suffering legal "beatings" in New York. The term "decel"—a shortened version of the word deceleration—is used by tech enthusiasts to dismiss doomsayers who they se...

    NewsBusiness
    3 min read
    Stephen Graves
  • Image: Shutterstock

    Kraken’s Powell: Reddit Should Offer ‘Redemption Path’ for Community Points

    Jesse Powell, the co-founder and Chairman of the Board at crypto exchange Kraken, has argued that Reddit should have “offered a redemption path” for owners of its discontinued crypto-powered Community Points. In a post on Reddit, Powell wrote that, “I personally don’t see the regulatory problems” cited by Reddit in its explanation for the “sunsetting,” adding that, “I get that it’s complicated and evolving and maybe Reddit doesn’t want the hassle.” The social media platform stated that “The regu...

    NewsBusiness
    2 min read
    Nivesh Rustgi
  • image: shutterstock

    Biggest Crypto CEO Exits of 2022

    As the crypto market declined in 2022, the departures began en masse. Several high-profile CEO stepped down from their respective roles at the head of crypto-centric firms in 2022, including Jesse Powell of Kraken, Michael Saylor of MicroStrategy, Alex Mashinsky of Celsius, and Sam Bankman-Fried of FTX. The reasons given for stepping down vary—the bankruptcy of their company for some, for others, the volatility of the crypto market or a transition to a new phase for the firm. The collapse of Ter...

    Deep DivesLong Reads
    11 min read
    Jason Nelson, Andrew Hayward
  • Image: Shutterstock

    This Week on Crypto Twitter: Genesis in the Spotlight as FTX Shockwaves Subside

    Judging by the glass-half-full price action this week, the worst of the damage from FTX’s historic collapse may be behind us—but this being crypto, nothing is certain.  This week, heads turned towards crypto prime broker Genesis, which recently suspended withdrawals on its lending side due to the fact that its derivatives business had $175 million exposure to FTX. Crypto trader @CryptoCred posted a timeline of Genesis’s statements about its FTX exposure over this last month. It goes to show the...

    NewsCoins
    6 min read
    Tim Hakki
  • Kraken CEO Jesse Powell. Photo: Decrypt/Jeff John Roberts

    Kraken CEO Jesse Powell Steps Down to Focus on Crypto ‘Industry Advocacy’

    Co-founder and CEO of crypto exchange Kraken Jesse Powell has stepped down, according to the firm.  Succeeding Powell as CEO is the exchange’s Chief Operating Officer Dave Ripley. He reportedly said that as Kraken grew larger, running the company became more of a drain and “less fun.” He went on to say that he still plans to stay very engaged with the company he founded in the early days of crypto. “I look forward to spending more of my time on the company’s products, user experience and broade...

    NewsBusiness
    2 min read
    Jason Nelson
  • Kraken CEO Jesse Powell. (gm podcast art by Grant Kempster)

    Kraken CEO Doubles Down on Anti-Woke Culture, Says 'Triggered' Employees Should Leave

    As the crypto market continues to melt down, Kraken CEO Jesse Powell took to Twitter to emphasize a return to a crypto-first culture as the early Bitcoin exchange announced that it would continue hiring—reframing "diversity and inclusiveness" in the process. "We're going to keep building and hopefully do a better job of filtering up front," Powell tweeted. "I think we've developed some really thoughtful policies that might not appease woke activists but work for the other 99% of the world." 1/...

    NewsBusiness
    4 min read
    Jason Nelson

  • Waitlist Launches For Kraken NFT, Which Promises Zero Gas Fees

    Cryptocurrency exchange Kraken has announced the waitlist is now live for its upcoming NFT marketplace, Kraken NFT. The platform is boasting zero gas fees for NFT sales and transfers, a built-in rarity tool, cash or crypto payments, and support for Ethereum and Solana NFTs on launch. NFTs—unique blockchain tokens that indicate ownership over an asset—exploded in popularity last year. NFT trading volume on leading marketplace OpenSea skyrocketed from $300 million to over $3 billion in just one mo...

    NewsNFTs
    2 min read
    Kate Irwin
  • Kraken is a cryptocurrency exchange led by Jesse Powell. Image: Shutterstock

    Kraken ‘Cannot Protect You' From Canadian Government Freezing Crypto: CEO

    As the Canadian government continues its crackdown on the recent 'Freedom Convoy' trucker protests, Kraken CEO Jesse Powell took to Twitter today to advise concerned users to move their crypto and cash off the exchange. Quizzed on whether Kraken would have to freeze accounts linked to the protests, Powell responded by saying “100% yes it has/will happen.”  “We will be forced to comply. If you're worried about it, don't keep your funds with any centralized/regulated custodian. We cannot protect y...

    NewsBusiness
    2 min read
    Liam J. Kelly
  • Kraken CEO Jesse Powell. Image: Yahoo Finance/Decrypt

    Kraken CEO: 'I Don't Think Anyone's Going To Have a Monopoly' on the Metaverse

    Amid all the talk in crypto about "the metaverse," the CEO of crypto exchange Kraken foresees a multiplicity of metaverses. "I don't think there'll be any single metaverse," Jesse Powell said on Tuesday at the Decrypt and Yahoo Finance Crypto Goes Mainstream event, adding that games and platforms such as World of Warcraft, the NFT-powered Axie Infinity, and Facebook itself can all be considered separate metaverses. "I don't think anyone's going to have a monopoly on this." In the future, said Po...

    NewsBusiness
    3 min read
    Stephen Graves
  • Kraken is a popular crypto exchange based in the United States. Image: Shutterstock

    Crypto Exchange Kraken Hunting New EU License After Brexit

    Kraken, the second-largest crypto exchange in the U.S. by trading volume, is in talks with regulators in several countries in Europe, seeking to obtain a license to enter the European market by the end of 2021. As explained by a Kraken spokesperson, the exchange is formally present in Europe, however, it currently offers access to its European clients via an entity that is registered with the UK's Financial Conduct Authority (FCA). While Kraken claims to comply with the EU’s Fifth Anti-Money Lau...

    NewsBusiness
    3 min read
    Andrew Asmakov
  • Kraken is a popular crypto exchange based in the United States. Image: Shutterstock

    Court Greenlights IRS Access to Kraken’s Customer Data

    A federal court in the Northern District of California has given the green light to the U.S. Internal Revenue Service (IRS) to obtain the identities of users who have traded digital assets on crypto exchange Kraken. According to an announcement published by the Department of Justice (DOJ) on Wednesday, the IRS is now authorized to serve a “John Doe summons” on customers of Kraken and its parent company Payward Ventures Inc. Tax officers can request the identities of any user who transacted $20,0...

    NewsBusiness
    2 min read
    Liam Frost
  • Kraken is a popular crypto exchange based in the United States. Image: Shutterstock

    IRS Wants Kraken Customer Details, Judge Pushes Back

    The Department of Justice, Tax Division, this week filed a court request to obtain information about customers of the San Francisco-based cryptocurrency exchange Kraken. The so-called John Doe summons, filed in the US District Court for the Northern District of California, asks Kraken to provide account details for all American taxpayers who have held at least $20,000 in cryptocurrency on the exchange at any point from 2016 to 2020. Judge Joseph Spero isn't ready to authorize the request, which...

    NewsTechnology
    2 min read
    Jeff Benson
  • Bitcoin and Kraken. Image: Shutterstock

    Kraken CEO: Bitcoin Hitting $1 Million Is 'Very Reasonable'

    Forget Bitcoin price targets of $100,000 or even $400,000; Jesse Powell, CEO of crypto exchange Kraken, predicts Bitcoin may reach as high as $1 million in the next ten years, according to a recent interview with Bloomberg. “People see it surpassing gold as a store of value. So, you know, I think a million dollars as a price target within the ten years is very reasonable,” Powell said, adding that the younger demographics saw it as a “better version of gold.” Bitcoin has, for a long time, been...

    NewsCoins
    3 min read
    Shaurya Malwa
  • Kraken exchange was founded by crypto enthusiast Jesse Powell. Image: Shutterstock

    Kraken Review (2021): A User-Friendly Crypto Exchange With Staking

    Launched in 2013, Kraken has grown to be one of the largest cryptocurrency exchanges in the world, standing alongside the likes of Coinbase and Binance. In this review, we explore its user-friendliness, and its features—including staking and futures trading. What is Kraken? Kraken is one of the largest and most well-known cryptocurrency exchanges in the world. Crypto enthusiast Jesse Powell began work on the exchange in 2011, prompted by a security breach at the Mt. Gox exchange. Deciding to tak...

    ReviewsExchanges
    11 min read
    Esat Dedezade
  • Kraken is a crypto exchange. Image: Shutterstock

    Kraken Creates VC Fund for Boosting Crypto Innovation

    US crypto exchange Kraken has announced the launch of Kraken Ventures, an independent investment fund that aims to support early-stage companies and protocols in the fintech ecosystem, according to a press release shared with Decrypt today. “As we enter the crypto industry’s next growth phase, Kraken Ventures will support entrepreneurs in making the financial system more open, inclusive, and transparent,” said Jesse Powell, co-founder and CEO of Kraken, adding, “We’ve arrived at the point where...

    NewsBusiness
    2 min read
    Liam Frost
  • Image: Shutterstock

    Kraken Latest Exchange to Suspend XRP Trading

    Kraken will suspend XRP trading for US residents on January 29, the San Francisco-based cryptocurrency exchange announced on Friday. While US users will still be able to deposit or withdraw XRP after that date, they have just two weeks to continue trading the beleaguered digital asset. "We may begin implementing this process at any time on January 29, 2021, so all U.S. clients are strongly encouraged to resolve their positions prior to that day," the exchange wrote. Ripple Labs, along with CEO...

    NewsCoins
    1 min read
    Jeff Benson
  • Kraken Financial is coming to Wyoming. Image: Shutterstock

    Kraken Will Be First US Crypto Bank. Here’s Why It Matters

    The line between crypto exchange and bank just got even blurrier. Today, the state of Wyoming awarded crypto exchange Kraken a license to create a crypto bank in the state, which it is tentatively calling Kraken Financial. This makes Kraken the first US crypto exchange to create a bank. Specifically a “Special Purpose Depository Institution,” which means that Kraken can hold custody over digital assets, operate payment systems, and allow customers to easily switch between fiat and crypto.  16....

    NewsBusiness
    5 min read
    Robert Stevens