Share this article
Algorand CEO Steven Kokinos Departs, Interim Replacement Named
The blockchain technology company appointed Sean Ford to replace Kokinos for the time being.
By Brandy Betz
Updated May 11, 2023, 5:40 p.m. Published Jul 27, 2022, 3:35 p.m.
Algorand has promoted Chief Operating Officer W. Sean Ford to interim CEO, effective immediately. Ford will succeed G. Steven Kokinos, who is leaving to “pursue other interests.”
- Kokinos, who joined Algorand in 2018 after founding software development firm Fuze, will serve as a senior advisor to the company until mid-2023.
- Ford – who also joined Alogrand in 2018 – had previously been chief marketing officer at remote software company LogMeIn. At Algorand, he has overseen go-to-market execution and operations.
- "We thank Steven for his time and dedication to Algorand," said company founder Silvio Micali. "He has been instrumental to the initial success of our business, and we appreciate his commitment to a seamless transition. ... Sean is well positioned to partner with me to keep the company operations running business as usual, and to help us transition Algorand to our next phase of growth."
- Algorand token algo (ALGO) is little-changed, remaining down about 90% from its all-time high touched in September of last year.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
