Crypto.com Unveils US Platform for Institutional Crypto Investing

Crypto.com, the crypto exchange, has launched a new trading platform for institutions.

This new platform will make crypto trading easier for these organizations. Furthermore, the platform will cater to diversification with over 300 pairs available.

Crypto.com Enhances Institutional Crypto Trading Options

Crypto.com is one of the crypto platforms offering services to institutional clients, which have shown increased interest in crypto. The new platform will offer advanced order types, sub-account creation for managing portfolios, and trading bots that help users buy and sell crypto easily.

Reacting to the launch, Crypto.com CEO and co-founder Kris Marszalek said, “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.”

Special Benefits for Institutional Clients

According to reports, the platform will be available to users in 49 US states. Some of its benefits include access to exclusive industry events. Furthermore, these clients will leverage a system called CUBIX for instant transactions.

Interestingly, this isn’t the first time Crypto.com is launching a service for institutional clients. However, the company appears to have learned from its previous experience. Crypto.com tried a similar platform in 2022, but it didn’t work out. The company had to close it in June 2023 because not many U.S. clients were interested then. However, the crypto exchange believes things will be different now.

Why Will It Work Now?

With Donald Trump back as president, changes are happening in how crypto is regulated. The U.S. government is making new rules, and the SEC recently created a special team to focus on crypto. The goal is to make better rules to help businesses.

A Crypto.com spokesperson said they are excited to try again in the U.S. They believe the new rules will make things clearer and safer for businesses. However, Crypto.com must compete with companies like Coinbase, Kraken, and Gemini. These companies already offer services to institutional clients.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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