Lower Cap Altcoins May End Up Being Delisted From Exchanges To Protect Investors, Warns Crypto.com CEO

Share this story:


Crypto.com CEO Kris Marszalek says exchanges could potentially protect consumers more amid market volatility at the cost of low-cap crypto assets.

In a new interview on CNBC’s Squawk Box, Marszalek says that the meltdown of FTX is causing liquidity problems that could lead to crypto exchanges pulling out support for smaller coins in their platforms.

“If you see the liquidity evaporate in the market, what is going to happen is the smaller currencies that are really illiquid are facing a risk of being delisted from different exchanges in an effort to protect the consumers.”

Following the collapse of FTX, Marszaleksays assures investors of the financial health of his company.

“We are very well capitalized. We are very transparent with our reserves and also we have a bond sheet and we have zero debt and zero leverage in the business and we are cashflow positive.”

Marszalek says that all industry players should do their part to regain trust for crypto and part of the work is to engage with regulators.

“What worries me is the impact of this collapse in the whole industry, and I think it goes back a couple of years in terms of the industry’s representation and all of the players have to collectively work on transparency, engaging regulators around the world to make sure consumers are protected.”


Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/linabob/WindAwake

The post Lower Cap Altcoins May End Up Being Delisted From Exchanges To Protect Investors, Warns Crypto.com CEO appeared first on The Daily Hodl.

 Read More 

All provided materials and tools are for entertainment purposes only and should never be considered financial advice. Crypto News 19 will not take any responsibility for lost funds based on investments/trades made on information found here or any linking website/affiliate. This includes all social media posts and all other communications occurring under the name Crypto News 19. You should always seek professional advice before making any investment or trade.