One of the top three global spot trading exchanges is back in business at the US amidst Trump’s inauguration
Singapore-based crypto conglomerate Crypto.com has launched its institutional grade offering, the Crypto.com Exchange, in the United States.
This expansion will enable U.S. institutional traders and users to trade over 300 cryptocurrencies and 480 trading pairs on a technologically advanced platform optimized for speed, responsiveness and personalized trading experience.
Explaining the Re-launch: New Features and Benefits
“Since initially testing an early version of the Crypto.com Exchange in the U.S. in 2022, we have invested significantly in the Exchange’s technological capabilities and banking rails resulting in exponential global growth and becoming the industry’s leading USD-supporting cryptocurrency exchange,” said Kris Marszalek, Co-Founder and CEO of Crypto.com
Institutional clients will also benefit from instant transfers through CUBIX, tailored OTC trading services, exclusive fee incentives, and access to invite-only industry events, the company said in its statement.
Explaining the Re-launch: Timing
Crypto.com had launched a similar platform for complex trades in 2022 but the exchange eventually closed operations in 2023 due to what it called limited demand from institutions in the U.S. in the current market landscape.
Thus, the timing of the launch, mere one day after Trump’s inauguration, is no coincidence. Trump’s close association with digital assets during his campaign run and appointment of crypto advocates in key positions is expected to improve the regulatory environment in the US for broader digital asset adoption.
Amidst the launch, Marszalek explained that Crypto.com continued to be bullish about the US crypto market.
Crypto.com in US and beyond:
According to Statista approximately 70% of crypto activity in North America consisted of transfers exceeding $1 million. Crypto.com will compete with US-based exchanges like Coinbase, Kraken and Gemini to provide services to these institutional clients in the flourishing US institutional crypto market.
Crypto.com is currently active in 90 countries and is rapidly expanding with this launch in the US and the in-principal approval for a MiCA license, which will allow the exchange to operate throughout the European Union.
