Crypto.com CEO CEO Kris Marszalek is confident that digital assets will be boosted in the fourth quarter of the year, especially the US central bank drives reducing interest rates.
Marshal said in a interview In Bloomberg on Tuesday that Crypto.com revenue is likely to be better this year, “especially if we have seen a fed rate cut and a strong Q4 following.”
He added that he estimated the US Federal Reserve Cutting Rate at its September 17 meeting, which is usually good for crypto while borrowing is cheaper and more liquidity is available for riskier investments.
The final rate of fed Reduction was between September and December last year, when it dropped rates from 5.5% to 4.5%, leading to crypto markets gaining 57% in four months.
CME Futures Proper market shows the likelihood of a cut rate Surged to 91.7% following Fed Chair Jerome Powell’s Jackson Hole Speaking On August 22, when he indicated the financial policy prevention.
There is no decision on IPO yet
Marszalek said his company “has numbers” to make a public list but enjoys being private and has yet to make a decision.
Related: Fed Rate Chatter Raising may be a red flag for Crypto: Santiment
“I have to admit that it is a bit tempting to consider these options,” he said in a potential initial public offering. Multiple crypto companies have raised billions of dollars this year in the middle of their public debuts.
He added that the firm had a $ 1.5 billion income last year, and about $ 1 billion in gross profit with $ 700 million in investing, before predicting this person would be better.
“We are approached by all the top names in terms of investment banks. We want to be a very good company, so we are preparing everything, but no decisions are made at this point.”
Venturing to the predictions market
Marszalek also announced that the company is planning to enter the proportion of the prophecy market. “We think predicting markets will be huge,” he said, and added, “sports are part of it, but it’s not the whole thing.”
“We want to be the center of liquidity for coastal predictions in the US, so we play very aggressively in that space.”
Blockchain predictions markets are currently dominated by Polymarket and Malashi, which has hit the regulation and legal obstacles to the offer of US event contracts.
CRO has climbed to the Trump media collaboration
Crypto.com announced A collaboration with the Trump Media and Technology Group, owned by the US President Donald Trump’s Truth Social Platform, on August 26th.
The agreement includes the establishment of a Treasury approach for the native token of exchange, Cronos (CRO).
The Token has been able to Almost 150% to $ 0.38 following the announcement, but from back to $ 0.27, down 72% from November 2021 all-time high.
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