blockworks.co
Crypto.com has launched its “institutional-grade venue” in the US a day after the first so-called pro-crypto president was sworn in.
The exchange’s CEO, Kris Marszalek, was perhaps alluding to the start of Trump’s term when beginning a Tuesday X post with “Today is Day 1.”
Marszalek touted the new US platform’s “deep liquidity, stable banking rails, robust APIs for most demanding high frequency traders, competitive fees and white glove service for all VIPs.”
This comes roughly 18 months after Crypto.com said it would temporarily shut down the initial version of the US institutional exchange it was testing. The company cited “limited demand from institutions in the US in the current market landscape” — an apparent reference to SEC lawsuits launched against fellow exchanges Binance and Coinbase just days prior.
The company noted at the time it could reopen the institutional trading platform in the future. With a president (and many members of Congress) now vowing to support the crypto space, here we are.
“After years of operating in an environment of regulation by enforcement, we are confident that the new administration will work with industry to develop clear regulations to protect consumers and harness the opportunities advancing the industry to make the US the global leader in cryptocurrency,” a Crypto.com spokesperson told me in an email Tuesday.
This news also follows Marszalek’s meeting with Donald Trump last month. A person familiar with the rendez-vous had told me the two talked about crypto-related appointments and a bitcoin reserve.