The CEO of Kraken: the assessment of risks traders must rely on themselves and not on the exchange

The CEO of Kraken: the assessment of risks traders must rely on themselves and not on the exchange

Jesse Powell, CEO of cryptocurrency exchange Kraken, said in an interview with CNBC today, February 13, crypto traders should bear responsibility for risks that they take when investing in cryptocurrencies.

I think in the end, consumers themselves should study the coins in which they are going to invest and not rely on a particular exchanger that will protect them from volatility.

Although Powell said Kraken makes every effort to add to your exchange only legal and reliable cryptocurrency, they can’t give any predictions and promises.

Currently the Kraken occupies the 8th place in terms of trading volume, according to CoinMarketCap, the turnover of this exchange is approximately $ 300 million per day.

Traditional investors often say that cryptocurrencies have no intrinsic value and the current state of things resembles a bubble. Leading financiers such as Warren Buffett more than skeptical about the cryptocurrency.

However, investors in new generation are not confused, as noted by the CEO of Blockchain Technologies Corporation Nick Spanos:

Warren Buffett good in the furniture business or whatever else he does, but we are in a different business.

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