kraken
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Jesse Powell and the price of admission
Before Kraken, Jesse Powell sold virtual swords and gave artists free studio space. His career keeps returning to the same question: who gets to participate, and who holds the keys?
NinjaTrader Built a Futures Machine. Kraken Paid $1.5 Billion for the Plumbing.
A free charting tool became a broker, a clearing stack and, eventually, the bridge Kraken wanted between crypto and regulated futures. The clever part was not the candlesticks. It was owning more of what happened after a trader clicked buy.
David Ripley
David 'Dave' Ripley is Co-CEO of Kraken, one of the world's largest and longest-running cryptocurrency exchanges. He joined via Kraken's 2016 acquisition of Glidera, a bitcoin wallet service he co-founded, and rose from COO to CEO to Co-CEO as Kraken expanded aggressively — completing $1.5B acquisitions, raising $800M in 2025, and filing confidentially for a U.S. IPO. A former BCG principal and electrical engineer turned crypto operator, Ripley has shepherded Kraken from a 50-person startup to a 2,600+ employee global exchange while navigating major SEC enforcement actions and a shifting regulatory landscape.