Why the Crypto.com- OTC Platform will Support Global Crypto Adoption?

Popular crypto fintech platform, Crypto.com, has plans to include institutional and VIP clients in its service offerings.

In line with this, Crypto.com has announced the strategic launch of an Over-The-Counter (OTC) platform. The OTC platform is specially designed for institutional clients and other VIP clients looking to foray into the blockchain and cryptocurrency.

Institutional grade and VIP clients are known for their large trades, which are usually difficult to process and complete. According to a press release, the recently launched OTC platform will provide customized and instant quotes for these large block trades.

The OTC Portal is now open to all institutional VIP and retail VIP clients! 🙌

Try Now 👉 https://t.co/9nSg1XfCZS

Apply to become a retail VIP or institutional user
🙂 Retail VIP: Email [email protected]
🏦 Institution: Complete this form https://t.co/7h6inTZNdp https://t.co/6avEIyMiDb

— Crypto.com (@cryptocom) November 23, 2021

Therefore, here are the benefits that the OTC platform will give to institutional clients via Crypto.com

Benefit 1: Larger Transactions at Uniform Prices

The recently debuted OTC platform will facilitate a shift from having to prepare quotes in seconds as it is traditionally execute manually. Instead, it provides large-scale transactions with predetermined prices using a unique backend quoting engine. An essential feature, seeing as the crypto space is well-known for price volatility.

On the other hand, the OTC platform was only open to hand-picked institutional grade and VIP clients. However, the platform is now available to all institutional-grade users and VIP clients. Therefore, users can now apply to become retail VIP clients or institutional users.

Benefit 2: Take Advantage of the Current Market’s Favorable Conditions.

Now, VIP and institutional-grade clients will be able to use favorable market conditions as they will be able to complete large transactions quickly and at a uniform price. The recently launched OTC portal is also easy to navigate with top-notch UX.

Speaking on the product launch, Kris Marszalek, Co-Founder, and CEO of Crypto.com said highly of what Crypto.com was looking to achieve with the OTC platform. Adding that, the platform will make it easy for institutions and VIP clients to “[…] execute block trades and capture market opportunities more efficiently.”

Benefit 3: Support Global Crypto Adoption

Moreover, the inclusion of institutional-grade clients is a crucial way to facilitate global crypto adoption—also, the growth and development of the blockchain and cryptocurrency space. The Crypto.com- OTC platform launch is an essential step for the crypto fintech platform and the entire crypto space.

More on Crypto.com

Crypto.com is a fintech crypto platform founded in 2016, known for its focus on being regulatory compliant. The fintech platform currently boasts more than 10 million active customers. Also, it is arguably the fastest-growing cryptocurrency app in the world today. . Over time the platform has launched several important features like its DeFi Wallet, NFT platform, etc.

🔒 Security First: The world’s most secure crypto platform is now even more secure.

✅ https://t.co/vCNztATSCO is now SOC 2 certified, as audited by @Deloitte

Full details 👉 https://t.co/v8GaHN0toO#security #crypto pic.twitter.com/i9whBMH43Z

— Crypto.com (@cryptocom) November 23, 2021

The fintech platform is also the first crypto platform to acquire the ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013, and PCI: DSS 3.2.1 certification.

$CRO Price

When writing this article, Crypto.com’s native token, $CRO, is trading at $0.91 with a market cap of USD 23 billion and a 24-hour trading volume of USD 2 billion. The token price is also up by 22.4% in the last 24 hours.

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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 the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than 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. This article has been sponsored by Crypto.com. Copyright Altcoin Buzz Pte Ltd.