cryptocurrency exchange kucoin is in talks to buy the assets of ailing companies with strong core technologies that can contribute to the growth of the industry but are being hurt in the market downturn the company’s ceo johnny lyu said on monday in an exclusive interview with benzinga lyu asserted that in the near future there will be a “not so dramatic” decoupling of the crypto market from the traditional financial markets and that the cryptocurrencies industry cannot grow while it continues to follow the rules set by centralized financial markets “we are actively looking to help and purchase ailing businesses and we are selecting our future partners the most important thing we look for is core technologies so we will choose to work with companies that possess technologies and then we will consider those projects that are accidentally hurt by previous incidents” lyu said the ceo of the seychellesbased exchange further said he will not consider working with any company that does not come with technological competencies and abilities “we are interested in certain companies and they are also interested in working with us we will sit down together and work out a deal” he said read also luna foundation guard moved over 3000 bitcoin after do kwons arrest warrant report he further said the company was above the profitmaking stage now and that the goal is to strive to make a greater contribution to the industry and work with partners who truly believe in the industry and can contribute to the growth of the industry with kucoin in the future lyu said that compared to the crypto crisis in 201819 the industry was facing a worse situation this year however kucoin is able to go through this period without suffering any major losses because the team is more prepared in terms of challenges capital human resources and their ability to judge the market correctly “i think kucoin is wellprepared to take on whatever challenges there may be as a company that has dealt with several major challenges all these years the biggest treasure for our team is that we have a working team that is growing strong and we are also taking the market changes better as we grow we are also actively adjusting to any changes the market may have in the future” he said “we think one of our best performing businesses is our globalization and global expansion we are also actively optimizing and adjusting our active businesses so that we can make it a part of daytoday maintenance” crypto industry getting away from traditional markets asked to comment about his views on the decoupling of cryptos from the traditional markets lyu said while the decoupling may not be dramatic the crypto industry is getting away from factors like the american stock markets “we are not going to be able to grow further if we continue to follow the rules set by centralized financial markets and we will also be hitting the ceiling very soon if we follow these traditional rules and financial regulations especially in terms of growth of our crypto volume” he said