Kris Marszalek, the CEO of Crypto.com
$2.88B
In an interview with Bloomberg on September 2, Marszalek explained that if borrowing costs decrease, markets may experience stronger activity.
He is looking to the Federal Reserve’s meeting on September 17, where he anticipates a decision to cut rates.
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Beyond market forecasts, Marszalek also gave some insight into Crypto.com’s financial performance. In 2024, the company generated $1.5 billion in revenue and achieved a gross profit of about $1 billion.
Of that, around $700 million was put back into the business. He stated that this year will surpass those numbers if favorable conditions continue into the fourth quarter.
The conversation also touched on whether the company will go public. Marszalek said they are open to the idea but have not made any firm decisions.
He confirmed that major investment banks have approached them, and preparations are underway. However, Crypto.com remains private for now. He said, “It’s definitely something we’re considering”.
Crypto.com is also preparing to enter the prediction-based trading market. According to Marszalek, the firm plans to focus on building its presence in US-based prediction markets.
Recently, the crypto exchange Gemini announced plans to go public. How does the exchange plan to achieve this? Read the full story.
