TechFlow reports, on October 25, according to The Information, two sources familiar with the matter revealed that Arjun Sethi, co-founder of venture capital firm Tribe Capital, is expected to be appointed as co-CEO of cryptocurrency exchange Kraken, working alongside current CEO Dave Ripley.
Sethi first invested in Kraken in 2019 and joined its board in 2021. According to one source, even after taking on the new role at Kraken, Sethi will retain his position as chairman and chief investment officer of Tribe Capital.
Previous report, Kraken announced plans to launch a Layer 2 blockchain called Ink in early next year.
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