Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Former Bitstamp executive Miha GrÄar is joining Kraken as head of business development.
Kraken, a San Francisco-based digital currency exchange, has added a proven crypto industry leader to its executive team, underscoring the firmâs continued expansion this year.Â
In an official blog post, Kraken announced Tuesday that Miha GrÄar has joined the firm as head of business development.
The post reads:
âFor the better part of the last decade, Miha has helped Bitstamp gain recognition as a licensed financial institution in Europe, experience that will prove integral as he helps Kraken build critical banking relationships and forge new partnerships with essential stakeholders.â
Before joining Kraken, GrÄar spent almost eight years at Bitstamp, where he served in various executive roles, including COO and head of business development.
Kraken is the worldâs fifth-largest cryptocurrency exchange by volume, according to Messari's spot volume data. Bitstamp is not far behind in sixth position. There's a significant drop off after that, though Uniswap appears to be making its way up the ranks as a bona fide decentralized exchange.Â
Kraken describes GrÄar as a âcrypto exchange pioneerâ for aiding Bitstampâs meteoric rise over the years. GrÄarâs first exposure to Bitcoin (BTC) was in late 2010, roughly two years after the Satoshi Nakamoto whitepaper was released. He would go on to join Bitsatmp roughly two-and-a-half years later.
GrÄar refers to Kraken as the âOG of the oldest crypto exchanges,â and the âonly exchange that had the guts, brain and spine to stand up for its clientsâ following the Mt. Gox implosion back in 2014.
Cryptocurrency exchanges are poised for significant growth in the coming years as digital assets continue to disrupt the fiat monetary system. Using Messariâs âReal 10â exchange volume data, Forbes estimates that U.S. trading activity alone experienced a compounded annual growth rate of 15.7% per year between 2015 and 2019.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.