Exclusive: Kraken UK COO Andy Quach departs

Andy Quach, the chief operating officer of Kraken's UK business, has left the crypto exchange, according to an exclusive report and his own LinkedIn announcement. Quach, who had been Kraken UK's second-ranking executive for the past year, said he is relocating from London to Singapore to take up a new opportunity.

Quach joined Kraken in 2024 as head of commercial strategy for the UK. He was subsequently promoted to head of strategy and operations before being appointed COO UK in mid-2025. Before joining Kraken, he served as general manager for Europe and head of commercial at embedded financing platform YouLend, and earlier worked at management consultancy Oliver Wyman.

In a LinkedIn post explaining his departure, Quach said he had owned the UK profit-and-loss, product launches and FCA licensing processes during his tenure. He said Kraken UK more than doubled revenue, gained market share, and shifted from being a global exchange to offering payments, stablecoins and neobank-style services tailored to British users. That included sterling stablecoin yield, payment rails compatible with UK banks, and localised marketing built for UK customers.

Kraken UK is now hiring a replacement for Quach. He noted that the UK is bringing crypto inside the regulatory perimeter for the first time, describing that as one of the most significant developments in British financial services. He said the incoming COO will help define what a regulated crypto and payments business looks like in the UK.

Quach did not disclose the name of his next employer or the exact nature of his new role in Singapore.