Kris Marszalek, the CEO of Crypto.com believes that the exchange will continue to grow, not minding the issues that some crypto firms are facing as a result of the bear market and the crash of the Terra network.
In his tweet, he disclosed that the bear market would only affect those crypto companies with poor business models.
“The industry will be better off after sub-scale companies with broken business models are out. There will be some short-term pain, and we’ve seen some of it play out already, but the whole space will emerge stronger because of this much-needed cleanup.”
Though the company laid off over 5% of its workforce, the CEO believes that the company’s future is still bright.
“People are free to FUD all they want, but this doesn’t change the facts: Crypto.com will be a top5, maybe even top3 crypto platform globally by revenue this year. Only two other players have a higher user count than us.”
Different exchanges have been embattled with liquidity issues, with some suspending withdrawals on their platforms. This has fueled the rumours that other exchanges may be affected in the future. One of those exchanges that have suffered from this rumour is Crypto.Com.
On crypto Twitter, rumours of Crypto.Com suspending its withdrawal options like its counterparts have permeated the air.
Kris Marszalek took to his Twitter page to dispel the rumour, stating that the exchange had not implemented any withdrawal suspension and had no plans of doing such.
“Our withdrawal policy is the same as it always was; we didn’t implement any new restrictions. We run no special deposit promotions (and we make sure all regular ones that we do run are profitable).”
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