Kraken Set to Add Investor Arjun Sethi as Co-CEO

Arjun Sethi, a co-founder of venture capital firm Tribe Capital, is expected to be named co-CEO of cryptocurrency exchange Kraken, working alongside its existing CEO, Dave Ripley, according to two people familiar with the matter.

Kraken, founded in 2011, is one of the biggest and oldest U.S. crypto exchanges, and its executives have talked about going public for years. But it has been dwarfed in terms of market share by rival exchange Coinbase, which went public in 2021.