Kris | Crypto.com

Kris | Crypto.com @kris

The industry will be better off after sub scale companies with broken business models are out. There will be some short term pain, and we’ve seen some of it play out already, but the whole space will emerge stronger because of this much needed cleanup. — PolitiTweet.org

Kris | Crypto.com @kris

Running a trusted, safe and regulated platform with a global reach is costly. Only a handful of players reached the scale required to support it. I’m happy https://t.co/pFc4PzqqHR is on this very short list, because the rest is going to be either acquired or out of business. — PolitiTweet.org

Kris | Crypto.com @kris

People are free to FUD all they want, but this doesn’t change the facts: https://t.co/pFc4PzqqHR will be a top5, maybe even top3 crypto platform globally by revenue this year. Only two other players have higher user count than us. — PolitiTweet.org

Kris | Crypto.com @kris

Our withdrawals policy is the same as it always was, we didn’t implement any new restrictions. We run no special deposit promotions (and we make sure all regular ones that we do run are profitable). — PolitiTweet.org

Kris | Crypto.com @kris

In spite of our scale and our public unit economics optimisation exercise, there is still plenty of FUD being manufactured every day. I have seen two just this week — that we are slowing down withdrawals and running special deposit promotions. This is all false clickbait. — PolitiTweet.org

Kris | Crypto.com @kris

So once you have scale what do you do? Optimise unit economics. We started the process in Q1, so we’re in a good place now. These were some tough and unpopular calls. They were also the right calls to make. More and more people begin to recognise it. — PolitiTweet.org

Kris | Crypto.com @kris

Now the lows are much higher due to our scale — what is low today was record breaking revenue in early 2021 — PolitiTweet.org

Kris | Crypto.com @kris

We did it because we knew that once bear market arrives there will be a cool off in activity and revenues will drop — PolitiTweet.org

Kris | Crypto.com @kris

Last year was a race to scale in our industry and https://t.co/pFc4PzqqHR pushed really hard to get to maximum user base and revenue while market conditions were favourable — PolitiTweet.org

Kris | Crypto.com @kris

On the importance of scale 🧵 — PolitiTweet.org

Kris | Crypto.com @kris

'Most people overestimate what they can do in one year and underestimate what they can do in ten years.' #CROfam — I’m eternally grateful to each and every one of you who supported us over the years. I can’t wait to see what we can accomplish together by our 10th bday in 2026. — PolitiTweet.org

Kris | Crypto.com @kris

Building never stops 💪 — PolitiTweet.org

Kris | Crypto.com @kris

RT @business: Singapore will issue in-principle approvals to three more firms to provide digital payment token services in the city-state e… — PolitiTweet.org

Kris | Crypto.com @kris

RT @Cointelegraph: Crypto .com can now provide a range of payment services in Singapore. https://t.co/G3jRHXg6Pe — PolitiTweet.org

Kris | Crypto.com @kris

RT @cryptocom: https://t.co/vCNztATSCO wins coveted Singapore token permits https://t.co/OsEOCxitKz — PolitiTweet.org

Kris | Crypto.com @kris

RT @stbusinessdesk: MAS grants in-principle approvals to https://t.co/cXqX2IKdWq, Genesis, Sparrowtech https://t.co/SVFqOlh2Zj — PolitiTweet.org

Kris | Crypto.com @kris

We are looking forward to continued investment in Singapore, helping build a robust and deeply integrated innovation hub with truly global impact. — PolitiTweet.org

Kris | Crypto.com @kris

Singapore 🇸🇬 has earned its reputation for stringent and thorough regulatory approval process, while being very supportive of innovation. Grateful to the teams on both sides who led this effective engagement 🙏 — PolitiTweet.org

Kris | Crypto.com @kris

It’s a great privilege to see our commitment to compliance being recognised — https://t.co/pFc4PzqqHR receives an in-principle license approval from @MAS_sg — PolitiTweet.org

Kris | Crypto.com @kris

RT @cryptocom: This Father’s Day, get you and your dad matching #CROFam kits! 🔁 Just RT this post, and we’ll randomly choose 10 winners.… — PolitiTweet.org

Kris | Crypto.com @kris

Got a few DMs with questions regarding https://t.co/pFc4PzqqHR exposure to 3AC. It’s $0. We are and always have been very conservative with management of counterparty risks. — PolitiTweet.org

Kris | Crypto.com @kris

DCA the 🐻 — PolitiTweet.org

Kris | Crypto.com @kris

@Francisnpm Thanks for the tip :) — PolitiTweet.org

Kris | Crypto.com @kris

The markets will turn, and when they do, you can be sure that we will be ready to drive and capture the next wave of growth for cryptocurrency adoption. — PolitiTweet.org

Kris | Crypto.com @kris

We will continue to evaluate how to best optimize our resources to position ourselves as the strongest builders during the down cycle to become the biggest winners during the next bull run. — PolitiTweet.org

Kris | Crypto.com @kris

That means making difficult and necessary decisions to ensure continued and sustainable growth for the long term by making targeted reductions of approximately 260 or 5% of our corporate workforce. — PolitiTweet.org

Kris | Crypto.com @kris

Our approach is to stay focused on executing against our roadmap and optimizing for profitability as we do so. — PolitiTweet.org

Kris | Crypto.com @kris

And that's exactly what we will do this time around. — PolitiTweet.org

Kris | Crypto.com @kris

That conviction, that focus on building throughout the bear market (in spite of crypto naysayers being out in full force) was what made us one of the fastest growing companies in 2021, reaching 50m users milestone. — PolitiTweet.org

Kris | Crypto.com @kris

Some of you have been with us since 2016/2017 and have seen us building steadily, with conviction throughout the 2018/2019 winter. — PolitiTweet.org