Kraken, one of the largest Bitcoin, Ethereum and digital asset exchanges, today announced the appointment of venture capitalist and fintech advisor Edward M. Stadum as General Counsel.
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Stadum joins Kraken’s management team after a post as US General Counsel to Fidor Bank, a German online direct bank that supports Kraken’s euro business. He said: “At Fidor I was tasked with conducting a thorough external audit of Kraken. After combing through every detail, I grew more and more interested in the remarkable opportunities ahead for Kraken and for the digital currency market, so much so that with Fidor’s consent I left the bank to join the client full time.”
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Stadum will offer specialist advice in Kraken’s cryptocurrency domain, with particular emphasis on best business practices, corporate governance, finance, acquisitions, strategy, technology and regulation. Jesse Powell, CEO of Kraken, said: “Edward Stadum’s 50 years worth of experience in banking, technology, law and venture capital will serve Kraken in key markets in North America, Europe and around the globe.”
Stadum added: “Kraken is already at the center of this growing industry and I look forward to helping Jesse and the team elevate a thriving startup into a lasting, professional trusted financial enterprise globally.”
Powell gave a final comment saying: “It says a lot that Ed wanted to join the team after seeing what was ‘under the hood’ while conducting an audit of Kraken. In fact, having a window into how things work at Kraken made him even more interested in joining our exchange, which is a good sign that we have a solid foundation and that we’re on the right track for long-term success. We look forward to leveraging his five decades worth of experience as we further develop Kraken.”