Kraken CEO defends listing LUNA 2.0: ‘Bitcoin traders don't pay the bills’

as tokens were unevenly distributed. The new LUNA has since slid from highs of almost $20 to less than $8, despite a 90% spike in pricePowell cites that “client demand” motivated the listing of LUNA. Rohan Grey, an assistant professor of law at Willamette University, called Powell out on the move,

that eBay does not allow fraudsters to remain on the e-commerce platform, so why should crypto exchanges allow Terra a seat at the table? The comment was a quip to Powell’s claim about Kraken:Powell has previously shown a decisive side to his operations, recently closing Kraken’s global headquarters becauseHowever, when it comes to money and Kraken, “We try to be as asset-agnostic as possible,” he tweeted.

“Fiat and most stocks are garbage but where's the outrage? Revenue from these other coins pays for all the security, pro-BTC lobbying and marketing.”Crypto Critics Corner podcast, Chanos — an American investment manager — detailed the short he had built up against Coinbase, America’s largest crypto exchange. For Powell, there will be a “paradigm shift over the next 10 years,” and crypto exchanges will come out as winners.

Legacy"fees" are still there, hidden or moved. Crypto brokerage is just one service that is powered by a gigantic stack of infrastructure that replaces like 20 other middlemen and ancillary businesses. Revenue diversity will grow with adoption, paradigm shift over next 10 years.

Source: News Formal (newsformal.com)

JoeNakamoto scam

JoeNakamoto You can't blame Kraken, it's business as usual and this is the buyers' discretion. If they want to get burned the second time, let them be.

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