Kraken Names UK Head

Crypto firm Kraken has named Mark Jennings as the CEO of its UK business, Crypto Facilities, which was acquired by the crypto giant in 2019.

Jennings switches from Kraken Digital Asset Exchange, where he was COO of European operations for just over 18 months. Prior to that he spent just over a year as head of operations for TP Icap, having joined the broker from just under five years as COO of hedge fund True Arrow Capital Management. He also worked for Credit Suisse and Citi in hedge fund services roles over a nine-year period at the start of his career.

“Mark’s appointment comes as Kraken looks to double down on offering its product suite for institutions,” says Curtis Ting, head of regional operations for Kraken. “His invaluable experience in hedge fund management, operational excellence and institutional knowledge will prime Crypto Facilities to become the primary trading venue for regulated crypto derivatives.”

Jennings adds, “Institutions want exposure to cryptoassets but need trading venues that meet all of their compliance and regulatory requirements. Crypto Facilities can offer institutions a regulated trading venue with 24/7 access to crypto derivatives but which also satisfies these regulatory requirements.”