Kraken Co-CEO: Stablecoins Are a "Far Superior" Payment Mechanism

Kraken Co-CEO David Ripley joins CoinDesk’s Jennifer Sanasie and Andy Baehr to discuss the firm's record-breaking Q3 growth and its strategy to merge traditional finance with crypto by moving into futures and equities trading. Ripley highlights the "network effect" that has made stablecoins the default settlement currency for exchanges and integrated crypto businesses. He also addresses the compression of bitcoin volatility and how Kraken is catering to both seasoned individual pro traders and the broader, derivatives-shy retail consumer base.