Kraken Appoints New Manager to Oversee UK Operations
In an official communication, the US-based crypto exchange Kraken has appointed Bivu Das as the new managing director for its UK office. The appointment of the new managing director aligns with a Kraken expansion plan to Europe. According to the announcement, Das will succeed Blair Halliday, the former head of operations at Kraken UK.
Kraken Hires a New Manager
In an October 27 X post, Halliday had announced his departure from Kraken UK. The former manager vowed to continue supporting the UK crypto and fintech industry to attain maturity stage.
In his address, Halliday described his experience as a Krakenite as a success. He concluded by wishing the Kraken UK success in its endeavor. The departure of Halliday has left Kraken with professional gaps in the compliance and operation field. Halliday joined Kraken last year after exiting Gemini.
A review of Halliday’s career history demonstrates that the executive had worked at Circle, JP Morgan, and NatWest.
His successor will continue supporting Kraken in expanding its geographical presence in the UK. A review of the appointment letter demonstrates that Das will lead Kraken in building a resilient business in the UK. The report revealed that Das will lead a team of over 275 staff and support Kraken in expanding its customer base.
The Kraken team stated that the new manager will support the crypto exchange in maintaining a solid network in regulatory, commercial, and political fields. The crypto exchange confessed that the company seeks to expand its national footprint in UK.
Also, Kraken plans to remain at the forefront of the ongoing push for crypto adoption among retail and institutional clients. Besides expanding the crypto adoption in the UK, Kraken seeks to promote financial inclusivity.
Overview of Kraken Global Expansion Plan
An announcement conveyed by the new manager reveals that the UK is an essential market for the crypto industry. Das described the UK market as strong and significant in size. He noted that despite the volatile nature of the crypto sector, the UK market remained relatively consistent.
He admitted that despite the change in the financial sector, millions of UK residents are underserved by the existing financial models.
Despite the challenges in the UK financial sector, Das was pleased to steer Kraken UK in a direction that will attract success. He was delighted to be part of Kraken’s exciting journey to transform the UK financial sector.
UK Adopts Stringent Regulation on Crypto Assets
Before joining Kraken, Das was running a crypto brokerage company, Unlock. His career has experienced a progressive trajectory after working at fast-paced financial institutions, including Starling Bank, KPMG, Barclays, and Deloitte.
His appointment came when the UK tightened the regulation for crypto assets. With the changes in the regulatory approach, Das plans to strengthen the relationship with the regulators.
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