Kevin Beardsley, who previously led the United Kingdom-based company for a year, will now oversee Kraken Futures’ expansion as volumes hit $2.5 billion in June.
Beardsley confirmed the news linking to comments he made to cryptocurrency news outlet The Block.
“Being a pretty wide range of different types of participants, I have a pretty good understanding of what people are looking for and how to meet those needs,” he said.
Kraken acquired its futures operation earlier this year. Formerly known as Crypto Facilities, the operation is still based in London.
Going forward, the exchange, which raised $13 million in funding last month, will compete with an increasing variety of futures options for cryptocurrency, several of which are surfacing from other trading platforms such as Binance and Huobi.
Disclaimer: An earlier version of this article said that Kevin Beardsley had been CEO of B2C2 and would be CEO of Kraken’s Bitcoin futures platform, while his actual title was managing director and will be head of development.