Jesse Powell, CEO of Crypto Exchange Kraken, today told CNBC On Feb. 13, That Crypto Traders In an interview at the World Government Summit in Dubai, Powell said that he viewed consumers, not exchanges, as playing a vital role in risk assessment:
"I think that consumers should ultimately look for themselves, look at the fundamentals of any currency and not rely on a particular exchange to protect them from market volatility. "
Kraken does his best to make sure that all the parts they list are legitimate, they can not make any promises as to the future of their work. a coin, things can change when you amass $ 1 billion in 10 minutes.
Kraken is currently ranked in 8th lace p by trading volume on CoinMarketCap, trading a total of about $ 300 million over a 24 hour period to press the time.
Traditional investors have often pointed out that digital currency lacks intrinsic value or that its current trajectory resembles a bubble. Asked at the summit about the negative views of crypto held by world-renowned traditional investors like Warren Buffett, Nick Spanos, CEO of Blockchain Technologies Corporation, told CNBC that "Warren Buffett is good at leasing furniture., but we are in a different business. "
Powell's advice to investors to understand their investments echoes similar but more frightening advice from global regulators. Yesterday, February 12, EU regulators warned consumers of the high risk of investing in cryptography and noted that they feared that consumers do not fully understand what they are investing in when They invest in crypto.