Quick Breakdown:
- Crypto.com expects a stronger Q4 performance if the Federal Reserve cuts interest rates.
- CEO Kris Marszalek hints at a potential public listing, but no decision has been made yet.
- The firm plans to enter the U.S. prediction market space, targeting sports and beyond.
Crypto.com CEO Kris Marszalek has expressed optimism for a strong fourth quarter for digital assets, driven largely by expectations of an imminent interest rate cut by the U.S. Federal Reserve. Speaking to Bloomberg on Tuesday, Marszalek highlighted that lower rates would make borrowing cheaper, unlocking liquidity for higher-risk investments like crypto.
“Especially if we see a Fed rate cut and a strong Q4 following, we expect revenue to improve significantly,”
he said. The CEO pointed to last year’s experience, when Fed cuts from 5.5% to 4.5% between September and December coincided with a 57% rally in crypto markets.
Revenue Growth and IPO Prospects
Crypto.com reported $1.5 billion in revenue last year, with $1 billion in gross profit and $700 million reinvested into the business. Marszalek anticipates even stronger financial performance this year but emphasized that the company remains privately held for now.
“We have been approached by all the top names in investment banking. We want to be a very well-run company, so we’re preparing everything, but no decisions have been made at this point,”
he noted, referencing potential plans for an initial public offering. Marszalek acknowledged that a public listing is appealing, but the company is still weighing its options.
Expanding into Prediction Markets
Looking beyond traditional crypto services, Crypto.com plans to enter the prediction market sector. Marszalek described it as a “huge” opportunity and stressed the company’s intention to become a liquidity hub for onshore U.S. prediction markets.
“Sports is a part of it, but it’s not the whole thing,”
he said.
“We’ll play very aggressively in that space, aiming to provide liquidity and expand market access.”
Notably, Trump Media & Technology Group, the parent company of Truth Social, recently partnered with Crypto.com and Yorkville America Digital to develop “Made in America” exchange-traded funds (ETFs). These funds combined traditional financial instruments and digital assets, with a planned launch in late 2025, pending approval.
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