John Palmer has joined US cryptocurrency exchange Kraken as global head of derivatives.
New York-based Palmer brings extensive derivatives experience to his new role, and joins Kraken after nearly two years IEX, where he helped to support the development of the firm’s new options exchange, currently scheduled to launch by Q2 2026.
Palmer initially joined IEX in June 2024 as head of options, before becoming head of cross asset product a year later.
Before this, he held various positions at Cboe Global Markets where he worked for five years, before later returning in 2022 after a stint as CrossTower as global head of product strategy.
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During his time at Cboe, Palmer served in roles including as president of Cboe Digital, head of options and a senior vice president, working in US derivatives market development.
Previously in his career, he has also worked at ISE Holdings, Orc Software and Goldman Sachs.
Kraken had not responded to a request for comment at the time of publication.