Tuesday, March 9, 2021
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Kraken nabs Bitstamp executive for key business development role

Kraken, a San Francisco-based digital currency exchange, has added a proven crypto industry leader to its executive team, underscoring the firm’s continued expansion during the current year.

In an official blog post on Tuesday, Kraken announced that Miha Grčar has joined the firm as head of business development.

The post states:

“For 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.”

According to Cointelegraph, before joining Kraken, Grčar spent about eight years at Bitstamp, where he served in different executive roles, including COO and head of business development.

According to Messari’s spot volume data, Kraken is the world’s fifth-largest cryptocurrency exchange by volume. Bitstamp is not far behind in sixth position. There’s a particular drop off after that, though Uniswap seems to be making its way up the ranks as a bona fide decentralized exchange.

Kraken describes Grčar as a “crypto exchange pioneer” for aiding Bitstamp’s meteoric rise over the years. Grčar’s first exposure to Bitcoin (BTC) was in late 2010, nearly two years after the Satoshi Nakamoto whitepaper was released. He would go on to join Bitsatmp nearly two-and-a-half years later.

Grčar refers to Kraken as the “OG of the oldest crypto exchanges,” and the “only exchange that had the guts, brain and spine to stand up for its clients” following the Mt.

Cryptocurrency exchanges are poised for particular growth in the coming years as digital assets continue to disrupt the fiat monetary system.

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