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Conference Call Transcript
Crypto

Tetras, Circle Executives Discuss State of Crypto Market

The cryptocurrency market has been changing at breakneck speed, and we aren’t just talking about the highs and lows of bitcoin prices. In just a few short months, the sector has seen an influx of new technology, types of investors and startups. Signs of consolidation among firms in the fragmented market are emerging: On Monday digital payments company Circle said it would buy cryptocurrency exchange Poloniex. Meanwhile, the growth has started to attract the attention of regulators, who have hinted they might impose restrictions on the highly volatile market.

Earlier this week, on a conference call for The Information subscribers, Tetras Capital co-founder Alex Sunnarborg and Circle CEO Jeremy Allaire answered questions from The Information Editor-in-Chief Jessica Lessin, reporter Sarah Kuranda and subscribers about their predictions for bitcoin, cryptocurrency’s custody problem and why institutional investors are still avoiding the market. An edited transcript follows.

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