Crypto.com Exchange today announced it is working with Silvergate, the leading provider of innovative financial infrastructure solutions to the digital currency industry, to introduce USD deposits and withdrawals to its institutional clients.
This integration is an additional on/off ramp solution on the Crypto.com Exchange. Through Silvergate, institutional clients can seamlessly transfer USD from their bank accounts to the exchange and vice versa, for free. Customers will get access to the Silvergate Exchange Network (SEN), which is a near real-time payments platform that enables users to send U.S. dollars 24 hours a day, 7 days a week, 365 days a year. The feature will be available to institutional clients in all exchange available markets .
Kris Marszalek, Co-Founder and CEO of Crypto.com said,
“We are excited to work with Silvergate to provide an additional fiat on/off ramp solution to our institutional clients. The solution is highly requested which will enable an even better trading experience in the Crypto.com Exchange. Silvergate’s products and services bridge the gap from the traditional financial world to the crypto world, which supports our mission to ‘accelerate the world's transition to cryptocurrency.’ We look forward to extending the service to more customers.”
Alan Lane, CEO of Silvergate, said,
“We are pleased to welcome Crypto.com as a Silvergate customer and SEN participant. Their diverse and dedicated global user base and commitment to industry success helps to ensure further crypto adoption around the world.”