<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMzRhNTQ4OTQtYjhmYS00MWIwLWJlYWQtMWRmNmExYWI3YTAyLmpwZw==.jpg"></p><p>The crypto executive cites lower labor costs and business acquisition costs as key factors. </p>