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Kraken to hire Arjun Sethi of Tribe Capital as co-CEO

According to two people familiar with the matter, Arjun Sethi, co-founder of venture capital firm Tribe Capital, is expected to be named co-CEO of cryptocurrency exchange Kraken, working alongside current CEO Dave Ripley. Sethi, who first invested in Kraken in 2019 and joined its board in 2021, will retain his role as chairperson and chief investment officer of Tribe Capital even in his new role at Kraken, according to a person familiar with the matter.