Kraken Hires Blockchain.com’s Former Chief Compliance Officer

Key Points:

• Kraken, a major cryptocurrency exchange, has appointed C.J. Rinaldi as its chief compliance officer.
• Rinaldi formerly served as senior counsel in the Enforcement Division of the U.S. Securities and Exchange Commission and was chief compliance officer at Deutsche Bank before joining Blockchain.com.
• Kraken recorded $13.8 billion in monthly crypto exchange volume, or 2.95% of all monthly crypto exchange volume.

Kraken, a major cryptocurrency exchange, has appointed C.J. Rinaldi as its chief compliance officer.

Rinaldi joins Kraken after serving as the company’s chief compliance officer at Blockchain.com from October 2021 to December 2022. Rinaldi assisted Blockchain.com in expanding its worldwide compliance structure and mitigating risk. Rinaldi formerly served as senior counsel in the Enforcement Division of the U.S. Securities and Exchange Commission and was chief compliance officer at Deutsche Bank before joining Blockchain.com.

On September 21, 2022, CEO of more than 11 years, Jesse Powell, resigned and was replaced as CEO by the company’s COO, David Ripley. Kraken reduced their personnel by 30% on November 30, 2022 to help “weather the crypto storm,” after Bitso, Gemini, Immutable, and numerous other crypto companies in doing the same last year due to difficult market conditions, The Block previously reported.

In December, Kraken recorded $13.8 billion in monthly crypto exchange volume, or 2.95% of all monthly crypto exchange volume.

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