Crypto Market Can Hit $1T in 2018, Kraken CEO Says

New optimistic cryptocurrency forecast; from Jesse Powell this time
13 March 2018   536

According to the CEO of Kraken, Jesse Powell, in the remaining months of 2018, crypto-currencies can retreat from the lows and begin moving towards new highs.This is reported by Smartereum

In the crypto industry, many companies have appeared, many people are involved in business with crypto-currencies, and all this can lead to the market capitalization exceeding $ 1 trillion already this year, Powell said.

And this despite the fact that some crypto-currencies are falling, the total market capitalization can only increasing in annual terms.

The current aggregate market capitalization of all crypto currencies currently stands at about $ 417 billion, but until the recent recession, capitalization has reached about $ 800 billion.

Thus, if the total market capitalization can rise only 25% of the maximum, it can actually reach $ 1 trillion.

The main problem of growth of crypto-currency is the problem of regulation. If regulatory problems are not resolved in the near future, the number of traders, as well as investors in crypto-currencies, will decrease.

It is for this reason that it is necessary to use an appropriate regulatory framework, as well as trade mechanisms, writes Smartereum.

Kraken to Launch Over The Counter Trading Platform

The minimum threshold of the new trading platform is $ 100,000
18 September 2018   122

The Kraken cryptocurrency exchange has added the possibility of over-the-counter trade in digital assets. It is worth noting that the minimum threshold for trading operations on the new OTC-platform is $ 100 000.

As stated in the blog Kraken, OTC-platform will be available "for residents of all countries."

Kraken is excited to announce a major expansion to our OTC trading platform which will enhance the execution of large block trades for clients worldwide. We offer deeper liquidity and private, personalized service to institutions and high net-worth individuals needing to fill large orders. 

Kraken Team

For trading on the site, 17 cryptocurrencies are available, including bitcoin, Ethereum, XRP, EOS, Litecoin, Monero, Dash and Zcash, as well as three fiat currencies: the US dollar, euro and yen.

The company's blog also says that the Kraken OTC team has nine professional traders from North America, Europe and Asia, ready to provide assistance to customers.

Members have a combined 100 years of trading experience working for major financial institutions such as JP Morgan, Credit Suisse, UBS, Morgan Stanley and Merrill Lynch. Kraken OTC sets itself above competitors by offering superb, hi-touch service at every step ranging from initial consultation and expert market insight, all the way through final settlement.

Kraken Team

Earlier, Kraken denied information about the massive dismissal of employees because of financial problems.