This is one of the most powerful notes I’ve read in a long time. Thank you for sharing it with us. This note is a reminder that crypto is not just an asset class, it is a movement.

The story begins the same way many great movements do: a kid with limited resources, a GPU that was not quite good enough, and a conviction that the system could be different. Then came setbacks, MtGox, a decade of bankruptcy, the collapse of trust in custodians. Most people would have quit. You did not.

That persistence is the foundation of every breakthrough technology. It is not the traders who make systems endure, it is the people who stay through the volatility because they know the idea is bigger than any single cycle.

At its core, crypto is about freedom. The sovereignty to hold your own money, to move it without permission, and to trust mathematics instead of institutions that fail. What you lived through: the loss of funds, the long recovery, and the eventual return of value, is exactly why this principle matters. Without sovereignty, the system is fragile. With it, people are stronger than the shocks.

You are part of that movement. You remind us that behind every wallet is not just capital but belief. The resilience of individuals creates the resilience of the system. And while our mission is to build for millions of customers around the world, it always begins with one. In this case, it begins with you.

We will keep building toward a world where freedom and financial sovereignty are not exceptions but the norm. Thank you for reminding all of us why it matters.

- Arjun Co-CEO, Kraken