"On the importance of scale 🧵 Last year was a race to scale in our industry and Crypto.com pushed really hard to get to maximum user base and revenue while market conditions were favourable We did it because we knew that once bear market arrives there will be a cool off in activity and revenues will drop Now the lows are much higher due to our scale — what is low today was record breaking revenue in early 2021 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. 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. 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). People are free to FUD all they want, but this doesn’t change the facts: Crypto.com will be a top5, maybe even top3 crypto platform globally by revenue this year. Only two other players have higher user count than us. 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 Crypto.com is on this very short list, because the rest is going to be either acquired or out of business. 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. Now back to building — we are only at 330m crypto holders globally, still plenty to do before we cross the chasm and reach Early Majority 💪 Onwards!" - CEO Kris Marszalek on Twitter https://twitter.com/kris/status/1544246172050550785