Institutional clients can now complete USD deposits and withdrawals on Crypto.com.
This remarkable feature is possible on Crypto.com thanks to a strategic partnership with Silvergate. Silvergate is a fintech-based bank for the digital currency space. Their SEN is a near-instant, secure and reliable platform. It allows users to complete USD transactions 24/7.
More On The Partnership
The partnership with Silvergate is a major addition to the entire Crypto.com space. With this partnership, institutional clients can now transfer large USD transactions directly from their bank accounts to their crypto exchange. Users of the crypto platform will also enjoy unrestricted access to the Silvergate Exchange Network (SEN).
https://t.co/A7lhUEgMLO Exchange is now integrated with Silvergate 🚀
Institutional clients can enjoy:
✅New on/off ramp fiat solution
✅USD deposits & withdrawals anytime (24/7, 365 days) via the Silvergate Exchange Network
— Crypto.com Institutional (@Cryptocom_Insto) November 30, 2021
Co-Founder and CEO of Crypto.com, Kris Marszalek, spoke highly of the partnership with Silvergate. Adding that the crypto fintech platform was looking forward to provide its institutional clients with “[…] an additional fiat on/off ramp solution.” Adding that the recently included global USD feature was a longstanding request. Crypto.com institutional clients will also enjoy a more seamless and user-friendly trading experience.
According to Kris, Silvergate will help in bridging the gap between the traditional finance space and the cryptocurrency space. Therefore, bringing the crypto fintech platform one step closer to achieving its goal of facilitating and accelerating the global transition to cryptocurrency. Kris furthermore added that the entire Crypto.com space was looking “[…] forward to extending the service to more customers.”
CEO of Silvergate, Alan Lane is also pleased by the partnership. He says the entire Silvergate ecosystem welcomes Crypto.com as both a client and member of SEN. Adding that the crypto fintech platform’s “[…] commitment to industry success helps to ensure further crypto adoption around the world.”
Crypto.com is a crypto fintech platform, well-known for its large user base and its commitment to maintaining regulatory compliance. Founded in 2016, the platform currently boasts more than 10 million users. It’s also one of the fastest-growing crypto apps worldwide. The platform also has a number of important features like its Crypto.com Exchange, Crypto.com DeFi Wallet, Crypto.com NFT, etc.
It is also the first crypto firm to obtain the ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013, and PCI:DSS 3.2.1, Level 1 certification.
At the time of writing, CRO was trading at $0.740536 with a market cap of $18,691,325,918 and a 24-hour trading volume of $672,079,413. The token price is up by 7.6% in the last 24 hours.
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