Crypto.com Launches US Exchange — Institutional Investors Granted Access First

Crypto.com Launches US Exchange — Institutional Investors Granted Access First

The digital currency exchange Crypto.com has revealed it’s launching a crypto trading platform in the United States to waitlisted users and then a progressive rollout will follow. Furthermore, the company says the trading platform’s VIP users will get access to “exclusive events, rewards, and cutting-edge market insights.” Crypto.com Launches US Exchange Platform — Waitlist Open to Institutional Investors

According to Crypto.com, the company is launching a digital currency trading platform in the U.S. and American institutional investors are invited to join the waitlist. In time the exchange will be progressively rolled out to retail investors as well. Americans have been able to leverage Crypto.com via the mobile application as the firm developed its mobile platform first.

Crypto.com says the exchange is regularly a top-five crypto trading platform by spot volume and its matching engine supports “2.7 million transactions per second and an ultra-low 50-microsecond core latency.” Currently, Crypto.com’s spot volume on March 15, 2022, is the fourth-largest in terms of 24-hour trade volume. The company’s announcement further adds that the firm offers “seamless” U.S. dollar transfers via its partnerships with Silvergate and Circle. Over the Last Year, Crypto.com Inked a Number of Strategic Deals, US Exchange Platform Aims to Offer ‘Deep Liquidity for All Market Conditions’

The company has been making big moves over the last year and inking various partnership deals with well-known brand names. In June 2021, Crypto.com signed a long-term, $175 million deal with the entertainment company Ultimate Fighting Championship (UFC). In mid-November it acquired the naming rights to the iconic Staples Center in Los Angeles and it’s now called “Crypto.com Arena.”

At the end of the year, Crypto.com partnered with the Angel City Football Club (ACFC) but then in 2022, the trading platform suffered from a hiccup. On January 17, Crypto.com was breached and the company disclosed that 438 accounts were affected and $34 million in crypto was stolen. At the end of the month in January, Crypto.com also inked a multi-year partnership with the NBA star LeBron James and the basketball player starred in the firm’s Super Bowl commercial in February.

On Twitter, Crypto.com revealed the U.S. exchange announcement via the firm’s official Crypto.com Institutional social media account. “Some things are worth the wait,” the company said. “Crypto.com Exchange is now in the U.S., [with] priority access for institutional investors.” In addition to the opportunity to attend exclusive events, the company says the U.S. exchange offers “robust security” solutions and “deep liquidity for all market conditions.” Tags in this story Angel City Football Club, Bitcoin, Bitcoin (BTC), BTC, Crypto, Crypto.com, Crypto.com Arena, Crypto.com exchange, deals, deep liquidity, Ethereum, Ethereum (ETH), Etheruem (ETH), Exchanges, LeBron James, partnerships, Security, Super Bowl commercial, trading, trading platform, UFC

What do you think about Crypto.com launching a U.S. exchange? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Binance Suspends Transactions With Russian Mastercard and Visa Cards EXCHANGES | 5 days ago Crypto Exchange Kraken Pledges Over $10 Million to Support Ukrainian Users EXCHANGES | 5 days ago

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