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Kraken CEO Pitches His Exchange to Nassim Nicholas Taleb After Coinbase's Fiasco

Fri, 06/05/2020 - 07:29
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Alex Dovbnya
Kraken wants to eat Coinbase's lunch by offering services to prominent essayist and statistician Nassim Nicholas Taleb
Kraken CEO Pitches His Exchange to Nassim Nicholas Taleb After Coinbase's Fiasco
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Kraken CEO Jesse Powell has jumped on the opportunity to pitch his exchange to ‘Black Swan’ author Nassim Nicholas Taleb following Coinbase’s recent failure.

Powell said that the prominent economist and essayist could contact him directly if he stumbled upon any problems.

image by @jespow

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Losing a high-profile customer

On June 5, Taleb publicly took Coinbase to the task over the exchange’s failure to respond to errors.  

Before the support team of the largest crypto exchange in the U.S. finally responded to his request (while apologizing for the delay), it was already too little too late.

Taleb announced that he was closing his account with Coinbase following their failure to resolve his issue in a timely fashion.     

image by @nntaleb

While commenting on the Coinbase fiasco, crypto advocate Tuur Demeester noted that the Bitcoin community could afford to be fickle given how easy it is to change providers.  

Brian Armstrong Predicts That Upcoming Financial Crisis Will Lead to Mainstream Crypto Adoption

A friendly rivalry

Back in July 2018, Kraken trolled Coinbase’s addition of new altcoins by announcing that it would list all cryptocurrencies available on CoinMarketCap.

Powell also criticized Coinbase’s feature that would allow backing up private keys with the help of cloud services in the likes of Google Drive.

However, he did praise Brian Armstrong, the CEO of the rivaling exchange, for his contribution to crypto and charity work after the latter announced the sacking of dissident-silencing Neutrino employees.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at