Crypto.com has announced the launch of the Crypto.com exchange in the US. According to the announcement made on 21 January, the exchange is an addition to the already available Crypto.com app that services retail users in the US.
The exchange, however, faces competition from existing exchanges like Coinbase, Kraken and Gemini that offer similar services to institutional investors. Global financial institutions such as BlackRock and Fidelity too have joined the fray. In 2024, these financial giants launched crypto exchange-traded funds and tokenized assets.
With this expansion, the Crypto.com hopes to offer a technologically advanced crypto trading platform to institutional traders. The platform features deep global liquidity and ultra-low latency as crypto.com makes further forays into Wall Street.
“We took the time to build the best possible product for institutional and advanced users around the world and we are now incredibly excited to fully introduce it in the market we continue to be bullish about – the US,” said Kris Marszalek, CEO and Co-Founder of Crypto.com.
Crypto. com has launched its institutional-grade exchange in the U.S., offering advanced trading tools and over 300 cryptocurrencies with low fees and deep liquidity. pic.twitter.com/zpUsspcKXa
— cryptothedoggy (@cryptothedoggy) January 22, 2025
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Crypto.Com To Allow Customers To Trade Over 300 Cryptocurrencies
Both active and institutional traders can avail of key features on the platform to make their trading workflow easier. Advanced order types and sub-account creation cater to institutional investors, while passive users can utilize AI bots to help them curate and implement their trading strategies.
The platform will enable customers to trade over 300 cryptocurrencies and 480 trading pairs. It is designed ground up, with the user experience in mind. The platform is optimized, and responsive and its widget-based design is fully customizable for a more personalized trading experience.
Users can fund their Crypto.com exchange accounts using local bank accounts through Fedwire transfers. In a great development, users can withdraw US Dollars or Stablecoins at a 1:1 ratio without incurring any fees or spreads.
Institutional clients can take advantage of services like CUBIX, WebSockets REST API’s for a low-latency trading experience.
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The US Crypto Market Has Become the Largest Global Cryptocurrency Market.
Crypto.com has launched its exchange in the US market just as institutional traders are rapidly growing in the region. North America saw an estimated $ 1.3 trillion in on-chain value between July 2023 and June 2024, representing about 22.5% of global activity in the crypto space, making it the largest global cryptocurrency market.
The US leads crypto adoption in North America, with around 70% of transfers exceeding $ 1 million
Trump’s close proximity to the crypto industry, is indicative of the crypto regulation landscape to see some major improvements. A comprehensive digital asset framework will likely boost institutional demand and investment in digital assets. Just a day after Trump’s inauguration, officials deployed a new crypto task force to develop said comprehensive regulatory framework for digital assets
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