Crypto.com Unveils Cutting-Edge Exchange Tailored for US Institutional Traders

Crypto.com Unveils Cutting-Edge Exchange Tailored for US Institutional Traders

Crypto.com has officially launched its institutional-grade exchange in the United States, enhancing its offerings for both retail and institutional users. This new platform aims to provide advanced trading capabilities and security, catering to the growing demand for cryptocurrency exchanges in the US market.

Key Features of the Crypto.com Exchange

The launch of the Crypto.com Exchange marks a significant milestone for the company, which aims to solidify its position in the competitive landscape of cryptocurrency trading. According to Kris Marszalek, Co-Founder and CEO of Crypto.com, substantial investments were made to improve the technology and banking systems behind the exchange. He stated:

“After testing an early version of the Crypto.com Exchange in the US back in 2022, we made significant investments to enhance its technology and banking systems. These efforts have driven remarkable global growth, making us the top USD-supporting crypto exchange. We’re excited to now fully launch this product in the US, a market we strongly believe in.”

Wide Range of Trading Options

With the Crypto.com Exchange, users can trade over 300 cryptocurrencies and access 480 trading pairs. The platform is designed with robust security and compliance features, ensuring a safe trading environment. Here are some of the standout features:

  • Customizable interface, allowing users to personalize charts and order books.
  • Support for both active and passive trading strategies.
  • Advanced trading tools including customizable order types and sub-accounts.
  • Automated trading options like DCA (Dollar-Cost Averaging), GRID, and TWAP (Time-Weighted Average Price) bots.

Funding and Withdrawal Options

Funding accounts on the Crypto.com Exchange is straightforward. Users can make direct Fedwire transfers from local banks, which facilitates quick access to their funds. Additionally, withdrawals can be made in either USD or USDC at a 1:1 ratio without incurring extra fees.

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It’s worth noting that in 2022, Crypto.com had introduced an advanced trading platform that was short-lived and was discontinued in June 2023. This decision was made due to “limited demand from institutions in the US given the current market conditions,” as stated by a Crypto.com representative.

Conclusion

The new Crypto.com Exchange is set to revolutionize the trading experience for users in the United States. With its focus on security, compliance, and user customization, it positions itself as a leading choice for both retail and institutional traders. To keep updated on the latest developments in cryptocurrency, visit CoinDesk or check out our cryptocurrency news section.

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