Kraken Appoints Stephanie Lemmerman as CFO

CHEYENNE, Wyo.--(BUSINESS WIRE)--Kraken, one of the longest-standing and most secure crypto platforms, today announced that Stephanie Lemmerman has been appointed as CFO. As the newly appointed CFO, Stephanie will take the reins at a company with over $1 billion net revenue.

Stephanie brings extensive financial leadership experience from her previous role as CFO at Dapper Labs, a leading company in the blockchain and NFT space. Stephanie will maintain a relationship with Dapper Labs as she will be stepping into a board position. Prior to her tenure at Dapper Labs, she served as CFO at Recharge Payments and EVP of Finance at Headspace. She spent 7 years at Activision Blizzard in roles overseeing global teams in Corporate Planning and Accounting.

Arjun Sethi, Co-CEO at Kraken, said, “Stephanie has deep expertise across fintech, gaming, and consumer crypto at scale. She’s one of the best financial and operations thinkers I've met in a long time. As we continue on our path of growth, I look forward to partnering with her to build more bridges into the world of crypto rails, and between traditional finance and decentralized financial technology.”

Dave Ripley, Co-CEO at Kraken, added, “Stephanie coming on board is a part of our commitment to charting a path to one day become a public company. She brings a powerful combination of financial leadership and a deep understanding of finance functions, both of which will be critical for our future plans.”

“I recognize that Kraken is at a key inflection point in its history,” said Lemmerman. “There’s just such an amazing opportunity ahead given where the crypto industry is right now. I truly believe in Kraken’s mission of financial freedom and inclusion and I couldn’t be more excited to join the team and help write our next chapter.”

Current CFO Carrie Dolan announced her intention to step down earlier this year, and she will continue to support Kraken through the transition.

About Kraken

Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 300 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.

Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. Trusted by millions of individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves.

In 2024, Kraken ranked 14th in Newsweek’s Global Top 100 list of Most Loved Workplaces. The only crypto company to have made the list two years in a row, this showcases how the platform offers one of the world’s most compelling employment opportunities.

Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro Apps. For more information about Kraken, please visit www.kraken.com.