He will ensure we continue to uphold the highest standards of compliance and integrity as it further expands its geographical footprint and product portfolio. Ben will report directly to our co-CEOs Arjun Sethi and David Ripley.
Co-CEO Arjun Sethi: “Ben is a critical addition to our leadership team as we scale the business and drive innovation globally. His deep experience as a general counsel and chief compliance officer make him an ideal CLO for Kraken, as the industry continues fighting for regulatory clarity and consumer protections.”
Co-CEO David Ripley: “By aligning legal, compliance and risk within this team, we are looking forward to leveraging Ben’s unique experience to ensure seamless execution and operational excellence across the markets in which we operate globally.”
CLO Ben Gray: “I am honored to step into the role of CLO at Kraken, a company that has consistently been at the forefront of the cryptocurrency industry. Over the past year, we’ve seen tremendous progress in moving towards regulatory clarity around the globe and 2025 will be a pivotal year.”
“Those that adapt most effectively — without compromise to their ability to innovate and provide the best possible client experience — will come out on top. Kraken is extremely well positioned to capitalize on this opportunity, and I couldn’t be more excited to join during this next phase of growth for the crypto industry.”
Ben brings over 15 years of experience at the intersection of blockchain, crypto and legal compliance. His career has spanned diverse roles, from serving in the U.S. federal government as a financial regulator to working as a regulatory attorney during the early days of Bitcoin.
He pioneered compliance frameworks for consumer-facing crypto products at Block (formerly Square) and led innovative stablecoin initiatives at Paxos, including the USDG stablecoin, which was launched in partnership with Kraken.
His unique background and leadership skills will help us with the ongoing expansion of its global footprint while navigating regulatory changes in its major markets such as Europe and the U.S.
Ben succeeds Marco Santori, who has been our CLO since 2020. Marco, who was instrumental in building a world-class legal team, representing crypto on the global stage and tackling critical regulatory challenges, will stay on as an advisor.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto-asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here .
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