Crypto.com launched services for institutional and advanced traders in the U.S. on Tuesday, resurrecting its institutional-grade cryptocurrency exchange during the digital asset market bull run—and just one day following the inauguration of President Donald Trump.
Customers of Crypto.com can exchange currencies. Low-latency company provides 300 cryptos and 480 trading pair pairs. You can also read about the importance of this in our article The statement. The platform offers advanced order types, sub-accounts for portfolio management and a wide selection of bots to facilitate the buying and selling of crypto.
“Since initially testing an early version of the Crypto.com exchange in the U.S. in 2022, we have invested significantly in the exchange’s technological capabilities and banking rails, resulting in exponential global growth and becoming the industry’s leading USD-supporting cryptocurrency exchange,” In a press release, Crypto.com’s CEO and founder Kris Marszalek stated.
Users in all 50 states will have access to the trading platform.
The company stated that institutional clients would also be able to benefit from instantaneous transfers via CUBIX as well as exclusive fees incentives and invitation-only events.
Crypto.com launched a similar platform for more complex trades in 2022, but the experiment didn't last very long: The company Shut down the Exchange June 2023 due to “limited demand from institutions in the U.S. in the current market landscape,” Crypto.com’s representative at that time said:
Despite this, executives at the firm have reasons to believe that their platform will succeed more successfully now with Trump as president. In a press release, the SEC said that they had created a crypto taskforce on Tuesday. “can do better” When it comes to crypto regulations.
“We are excited to fully introduce it in the market we continue to be bullish about—the U.S.—after years of operating in an environment of regulation by enforcement,” A Crypto.com representative told Decrypt.
Crypto.com’s relaunch coincides with a time of high crypto prices. The market also received a minor boost following the inauguration of Trump Monday, although his administration didn't name digital assets on its list of immediate concerns.
CoinGecko estimates that Bitcoin’s current value is around $106,500. After setting a record price of just under $109,000, on Monday.
While Crypto.com is deepening its grip on the U.S., it hasn't always had such an easy time operating stateside.
This company has been in business since last fall. SEC – Suited for a SEC For its “unauthorized and unjust regulation by enforcement campaign,” The federal regulator notified the company of its impending action shortly thereafter. Uncertain is whether the investigation will continue with Trump’s SEC, which Trump has promised to be more crypto-friendly.
Andrew Hayward is the editor