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Former Fidor Bank Official Joins Kraken as General Counsel

Avatar Yashu Gola 4 years ago

Bitcoin and Ethereum exchange Kraken today announced that it has appointed Edward M. Stadum as its new General Counsel.

The announcement came in the wake of Kraken’s plans to strengthen its position in international markets. Stadum, who has a collective experience of more than 50 years as a banker, lawyer and venture capitalist, has been appointed for his expert insight which, according to CEO Jesse Powell, could serve Kraken well in developing its presence in the North American and European markets.

Stadum has earlier chaired important positions in some of the world’s leading finance organizations, including Germany-based Fidor Bank. Apparently, the San Francisco based exchange came in touch with Stadum when he was auditing their platform as Fidor’s US Counsel. According to Powell, Stadum was impressed with Kraken’s sheer professionalism in handling its day-to-day operations.

“In fact,” he added, “having a window into how things work at Kraken made him even more interested in joining our exchange, which is a good sign that we have a solid foundation and that we’re on the right track for long-term success.”

Prior to working with Fidor Bank, Stadum has served as LaterPay GmBH’s US Managing Director, and has also founded a number of successful technology and finance startups. He was also a Bomb Navigation System Technician for USAF’s Strategic Air Command branch.

Stadum recognized the enormous opportunities ahead for Bitcoin and Kraken alike, stating that the latter has a right amount of talent to thrive globally. He said:

“Kraken is already at the center of this growing industry and I look forward to helping Jesse and the team elevate a thriving startup into a lasting, professional trusted financial enterprise globally.”

Kraken earlier reaped enormous investment benefits from Japan’s Money Partners Group and SBI Holdings. In January 2016, the bitcoin exchange had also acquired CoinSetter and CAVIRTEX to expand its business territory in Canadian markets.

With the latest announcement, the future of Kraken — as well as Bitcoin and Ethereum — is looking brighter than ever.

Source: Mail Tip

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN...

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