Retail cryptocurrency exchange crypto Com now has more than 50 million users. This is better than the last crypto Com more than fivefold when it disclosed its user statistics at the end of 2020. Chief executive Kris Marszalek said he expected the number to reach 100 million by the end of the year.
Crypto. One big difference between com and larger competitors such as coinbase and FTX is that the company has grown without external investment.
"We obviously have a lot of interest [in investment] and have received some very generous proposals, but considering the revenue generated by the company, cash is not a limiting factor," Marszalek said, adding that the company now has more than 4000 employees and is investing heavily in its nascent NFT market.
Marszalek said that he did not rule out the possibility of eventually accepting financing or even listing. But in order to go public, he hopes to wait until the company "can better withstand market pressure". This will mean diversifying the current revenue sources dominated by transaction fees into areas such as cryptocurrency payment infrastructure.
It should be noted that. This weekend, crypto COM, as the title sponsor of Miami's large formula one competition, believes that it can greatly improve brand awareness; The brand is also a sponsor of the FIFA World Cup. The company also recently put its name on the basketball court in Los Angeles. It and its competitors use professional sports to increase the awareness and adoption of cryptocurrency.