Exploring Kraken's Self-Custody Wallet and L2 Plans in the Crypto Industry

In this episode, Jason is joined by Dave Ripley, CEO of Kraken. They discuss the challenges and opportunities of operating a major crypto exchange over the past year. Dave dives into Kraken's focus on professional traders, their expansion into retail markets, and the importance of building a bridge between traditional finance and the crypto ecosystem. Dave also shares insights on navigating market cycles as a crypto business, the value of hiring crypto-native talent, and his thoughts on the future of centralized exchanges as more activity moves on-chain.

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Get started at:

portal.arbitrum.io 

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SKALE is a modular, AppChain network that offers zero gas fee transactions and instant finality. Tailored for ease of development and onboarding, SKALE's configurable EVM chains enable next-gen use cases in gaming, AI, DePin, and others. With over 20,000,000 users having saved over $6 Billion on gas fees, SKALE is the blockchain for mass adoption.

Bridge to SKALE at portal.skale.space and stay up to date with the gasless blockchain at @skalenetwork

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Timestamps:

0:00 Introduction

02:18 Dave's Kraken Origin Story

11:07 Kraken User Strategy

23:12 Kraken's 5 Year Business Model

32:02 Arbitrum Ad

32:49 Aura Ad

33:38 Marinade Ad

34:42 Skale Ad

35:59 Regulatory Concerns of L2s

43:40 24/7 NYSE

51:30 Operating in Market Cycles

58:28 Best People to Hire

01:02:01 This Cycle's Expectation

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.t