Crypto.com Launches Institutional-Grade Exchange Services in the U.S.
Crypto.com, a Singapore-based digital asset exchange, has launched its institutional-grade exchange services under the new platform Crypto.com Exchange in the United States.
The Crypto.com Exchange offers users access to over 300 cryptocurrencies and 480 trading pairs, complementing the existing retail-focused Crypto.com App for U.S. customers, as per a company release.
Kris Marszalek, co-founder and CEO of Crypto.com, stated, “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. We took the time to build the best possible product for institutional and advanced users around the world and we are now incredibly excited to fully introduce it in the market we continue to be bullish about — the U.S.”
This launch coincides with the rollout of pro-crypto policies by the administration of President Donald Trump. Recently, the U.S. Securities and Exchange Commission announced a new crypto task force, led by Hester “Crypto Mom” Peirce, aiming to create a sensible regulatory path for cryptocurrency.
According to The Block’s Data Dashboard, Crypto.com is the second-largest digital asset exchange by monthly spot transaction volume, trailing only Binance. In January, Crypto.com accounted for $160.2 billion, or 10.4%, of the $1.5 trillion total crypto trading volume.
The introduction of institutional-grade exchange services follows Crypto.com’s gain of in-principle approval for a Markets in Crypto-Asset (MiCA) license on January 17, as previously reported by The Block.
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