Kraken: CEO Jesse Powell declares war on the financial world

The GameStop hype kept the financial world on edge for days. Now Kraken CEO Jesse Powell sees the traditional stock market clearly on the decline .

In a recent interview with Yahoo! Finance will answer questions from Jesse Powell, head of the Kraken crypto exchange. One of the topics is the excitement around the shares of the GameStop trading network. In the course of the conversation, the question arises as to how much the spark of this price rally jumped into the crypto market.

Jesse Powell replies that interest in cryptocurrencies is growing significantly, and his company is also benefiting. However, the size of this profit makes you wonder. Powell says that in just one day, the number of new users increased sixfold.

Additionally, the CEO of Kraken is hinting at the role the crypto sector will play in the future.

"Obviously, something happened that prompted a lot of people to get into cryptocurrencies, especially in the last few days. [..] The DeFi sector is engulfing the financial world, whether people know about it or not. I think that in 10 years we will all handle 90 percent of our financial services on blockchain. "

Kraken CEO Jesse Powell

Powell sees the reason for the expected boom in the crypto sector, among other things, in the growing knowledge of many about how the stock markets actually work. There are a lot of intermediaries in the processes. In addition, investors will find that the shares do not actually belong to them, that technically someone else does.

Source: btc-echo.de


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