Crypto Facilities Appoints Veteran Hedge Fund Executive to Spearhead UK Expansion Strategy

Mark Jennings brings institutional expertise and operational leadership to drive next phase of Crypto Facilities’ growth

Crypto Facilities Ltd, the Kraken subsidiary and Financial Conduct Authority (FCA)-authorised investment firm, has appointed Mark Jennings as its new Chief Executive Officer.

“Mark’s appointment comes as Kraken looks to double down on offering its unique product suite for institutions”

Crypto Facilities operates a multilateral trading facility for derivatives referencing cryptoassets. An FCA authorised trading venue in the UK, Crypto Facilities enables institutional clients to trade an array of contracts, both long and short, around the clock. Acquired by Kraken in 2019, it’s the ideal partner for institutions looking to gain exposure to the asset-class.

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Mark Jennings has nearly two decades worth of experience in traditional finance. He was COO and CFO for True Arrow Capital Management, a US-based quantitative hedge fund manager, and previously worked in hedge fund services for both Credit Suisse and Citi. Before moving to Crypto Facilities, Mark was the COO for Kraken’s European Operations, and played a vital role in establishing and enhancing Kraken’s regional footprint.

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“Mark’s appointment comes as Kraken looks to double down on offering its unique product suite for institutions,” said Curtis Ting, Senior Managing Director and Head of Regional Operations for Kraken. “His invaluable experience in hedge fund management, operational excellence and institutional knowledge will prime Crypto Facilities to become the primary trading venue for regulated crypto derivatives.”

“Institutions want exposure to cryptoassets but need trading venues that meet all of their compliance and regulatory requirements,” said Mark Jennings, CEO of Crypto Facilities. “Crypto Facilities can offer institutions a regulated trading venue with 24/7 access to crypto derivatives but which also satisfies these regulatory requirements.”