Crypto.com announced the launch of the Crypto.com exchange in the United States. According to a January 21 announcement, the exchange is in addition to the already available Crypto.com app, which serves retail users in the United States.
However, the exchange faces competition from existing exchanges such as Coinbase, Kraken, and Gemini that offer similar services to institutional investors. Global financial institutions such as BlackRock and Fidelity are also joining the fray. In 2024, these financial giants launched crypto exchange-traded funds and tokenized assets.
With this expansion, Crypto.com hopes to provide institutional investors with a technologically advanced cryptocurrency trading platform. As crypto.com moves further into Wall Street, the platform features deep global liquidity and ultra-low latency.
“We have taken the time to build the best possible product for institutional and advanced users around the world, and now we are bringing it in earnest to a market where we continue to be bullish: the U.S. We are very excited about what we can do,” said CEO and co-owner Chris Marszalek. -Founder of Crypto.com.
Cipher. com launches an exchange for institutional investors in the US, offering advanced trading tools and over 300 cryptocurrencies with low fees and abundant liquidity. pic.twitter.com/zpUsspcKXa
— cryptothedoggy (@cryptothedoggy) January 22, 2025
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Crypto.Com allows customers to trade over 300 cryptocurrencies
Traders, both active and institutional, can take advantage of the platform's key features to ease their trading workflow. Advanced order types and sub-account creation cater to institutional investors, while passive users can utilize AI bots to curate and execute trading strategies.
The platform allows customers to trade over 300 cryptocurrencies and 480 trading pairs. Designed from the inside out with user experience in mind. The platform is optimized and responsive, and the widget-based design is fully customizable for a more personalized trading experience.
Users can fund their Crypto.com exchange account using their local bank account through Fedwire transfers. In a great development, users can withdraw USD or stablecoins at a 1:1 ratio without incurring any fees or spreads.
Institutional customers can leverage services such as CUBIX, WebSockets REST API, and more to enable a low-latency trading experience.
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The US cryptocurrency market has become the world's largest cryptocurrency market.
Crypto.com has launched its exchange in the US market just as institutional traders are rapidly growing in the region. North America has an estimated on-chain value of $1.3 trillion from July 2023 to June 2024, accounting for approximately 22.5% of global activity in the cryptocurrency space, making it the world’s largest cryptocurrency market. Masu.
The United States leads the adoption of cryptocurrencies in North America, with approximately 70% of remittances exceeding $1 million.
Trump's closeness to the crypto industry signals significant improvements in the crypto regulatory landscape. A comprehensive digital asset framework could foster institutional demand and investment in digital assets. Just one day after President Trump took office, authorities established a new Cryptocurrency Task Force to develop a comprehensive regulatory framework for digital assets.
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The article Crypto.Com goes to Wall Street with new exchange platform appeared first on 99Bitcoins.
