Crypto.com CEO Predicts Fed Rate Cut Will Boost Crypto in Q4

Crypto.com CEO Kris Marszalek believes the crypto market is poised for a strong finish to the year, fueled by expectations that the U.S. Federal Reserve will cut interest rates later this month.

Speaking to Bloomberg on Tuesday, Marszalek said he expects his company’s revenues to improve in 2025, particularly if a Fed rate cut materializes. “Especially if we see a Fed rate cut and a strong Q4 following,” he noted.

Earlier coverage: Firms chasing ETH yields carry highest risk, according to Sharplink Gaming’s CEO.

Marszalek is betting that the Fed will move at its Sept. 17 meeting, a decision that could lower borrowing costs and increase liquidity—conditions that typically favor risk assets like cryptocurrencies.

The last round of Fed easing occurred between September and December 2024, when rates dropped from 5.5% to 4.5%. During that period, crypto markets surged by 57%, underscoring the impact of looser monetary policy.

According to CME futures data, the odds of a September cut have climbed to 91.7%, boosted by Fed Chair Jerome Powell’s speech at Jackson Hole on Aug. 22, where he signaled a shift toward easing policy.

The company says IPO plans remain undecided.

Crypto.com CEO Kris Marszalek says the company has the financial strength to pursue a public listing but is in no rush to go public. “We have the numbers to do it, but we enjoy being private and haven’t made a decision yet,” he explained, noting that the idea of an initial public offering (IPO) remains “quite tempting.”

Several crypto firms have raised billions this year through public market debuts, fueling speculation about whether Crypto.com will follow suit. Marszalek revealed that the exchange generated $1.5 billion in revenue last year, with roughly $1 billion in gross profit, of which $700 million was reinvested back into the business. He added that he expects 2025 results to be even stronger.

“We have been approached by all the top names in terms of investment banks. We want to be a very well-run company, so we’re preparing everything, but no decisions have been made at this point.” 

Marszalek also disclosed that Crypto.com is preparing to enter the prediction market sector, calling it a major growth opportunity. “We think prediction markets are going to be huge,” he said, noting that while sports betting will play a role, the scope of prediction markets extends well beyond that.

“We want to be the liquidity center for prediction markets on-shore in the US, so we’ll play very aggressively in that space.” 

On Aug. 26, Crypto.com announced a partnership with Trump Media and Technology Group, the parent company of former U.S. President Donald Trump’s Truth Social platform.

As part of the deal, the firms will establish a treasury strategy for Crypto.com’s native token, Cronos (CRO $0.2593). The news briefly sent CRO surging nearly 150% to $0.38, before pulling back to $0.27—still well below its November 2021 all-time high, when it traded at $0.97.