Smaller Cryptos May Have to Stop Be Taken Off Exchanges, Says Crypto.com CEO

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He also noted that the exchange is well capitalized. 

“We have a very strong balance sheet, zero debt and zero leverage in the business, and we are cash flow positive,” he maintained. “The business generated over a billion dollars last year, and almost generated a billion dollars in revenue this year. We feel quite good about where we are as a company and our operations.”

Marszalek cautioned that the broader sector could face trouble as confidence erodes in the wake of the latest crypto mayhem.

“Players have to collectively work on regulators around the world to make sure consumers are protected, and that’s what we’ve been doing for the last seven days since this shocking news broke,” he said.