Crypto.com Launches Institutional-Grade Exchange in the US

Crypto.com launches U.S. institutional exchange, intensifying competition with Coinbase as institutional interest in cryptocurrency continues to rise.

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Singapore-based Crypto.com has expanded its US operations with the launch of the institutional Crypto.com Exchange, following significant investments in technology and infrastructure. The offering complements the already available Crypto.com app for retail users in the US.

Targets Institutional Clients 

According to the official announcement, the Crypto.com Exchange is built for advanced traders and offers deep liquidity, fast execution, low latency, and low trading fees for over 480 trading pairs.ย 

The platform will also provide seamless USD transfers, top-tier security, trading bots, and 24/7 support and will be available on mobile, desktop, and via API.

Sponsored

“Since testing an early version of the Crypto.com Exchange in the U.S. in 2022, we have made significant investments in the Exchangeโ€™s technological capabilities and banking infrastructure, resulting in substantial global growth and positioning ourselves as the leading USD-supporting cryptocurrency exchange,” said Kris Marszalek, co-founder and CEO of Crypto.com.

Founded in 2016, Crypto.com is now used by over 100 million customers worldwide. The Crypto.com trading app is currently the most downloaded finance app on the U.S. iOS App Store, according to Crypto.com CEO Kris Marszalekโ€™s post today.

Challenges Coinbase

The launch of the institutional exchange comes as many U.S. companies explore adding Bitcoin to their reserves, with competition between crypto exchanges and custodial service providers intensifying.

MicroStrategy alone holds 461,000 Bitcoins, valued at approximately $48.5 billion. Shareholders in major tech companies, like Microsoft and Amazon, have also pushed their boards of directors to consider Bitcoin reserves.

Fred Thiel, CEO of Marathon Digital Holdings (MARA), one of the largest Bitcoin mining companies, emphasized his company’s focus on a Strategic Bitcoin Reserve (SBR) initiative across all U.S. states. The company engages with the Donald Trump administration to push the initiative forward.

โ€œFocusing now on bringing the Strategic Bitcoin Reserve (aka SBR) to all 50 states and the Federal government,โ€ Thiel stated in his X post. 

Coinbase, the largest U.S. crypto exchange, remains a leading custodian for over 13,000 institutional clients, including BlackRock.

Why This Matters

Crypto.com’s launch of an institutional-grade exchange in the US highlights the growing competition among crypto exchanges and custodians, underscoring the sectorโ€™s maturation as institutional investors increasingly enter the market.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Alex Costa

Alex Costa is a crypto writer and investor specializing in researching, analyzing and reporting on promising small-cap projects that are gaining traction in the industry. He has been in crypto since 2018, when he began looking for hidden gems in crypto. Today, he is dedicated to finding the next top performing NFTs and tokens.

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