Kraken Bitcoin Exchange Taps Fidor Bank's Stadum as New General Counsel

Kraken, one of the largest Bitcoin, Ethereum and digital asset exchanges, today announced the appointment of venture capitalist and fintech advisor Edward M. Stadum as General Counsel.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Stadum joins Kraken’s management team after a post as US General Counsel to Fidor Bank, a German online direct bank that supports Kraken’s euro business. He said: “At Fidor I was tasked with conducting a thorough external audit of Kraken. After combing through every detail, I grew more and more interested in the remarkable opportunities ahead for Kraken and for the digital currency market, so much so that with Fidor’s consent I left the bank to join the client full time.”

Stadum will offer specialist advice in Kraken’s cryptocurrency domain, with particular emphasis on best business practices, corporate governance, finance, acquisitions, strategy, technology and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term. Jesse Powell, CEO of Kraken, said: “Edward Stadum’s 50 years worth of experience in banking, technology, law and venture capital will serve Kraken in key markets in North America, Europe and around the globe.”

Stadum added: “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.”

Powell gave a final comment saying: “It says a lot that Ed wanted to join the team after seeing what was ‘under the hood’ while conducting an audit of Kraken. In fact, 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. We look forward to leveraging his five decades worth of experience as we further develop Kraken.”