Crypto.com to Discontinue Institutional Exchange Access in the United States
Crypto.com, a leading cryptocurrency exchange, has recently made a significant announcement regarding its institutional exchange. The company revealed on June 9 that it will soon be terminating access to its institutional exchange for customers in the United States. This decision comes shortly after Crypto.com Exchange’s integration with CoinRoutes, a well-known provider of smart order routing and execution services.
The collaboration between Crypto.com Exchange and CoinRoutes aims to revolutionize institutional access to liquidity within the digital assets market. By leveraging Crypto.com Exchange’s advanced infrastructure and CoinRoutes’ state-of-the-art order routing technology, the partnership seeks to streamline liquidity options for institutional clients while reducing operational complexities.
Giuseppe Giuliani, the Managing Director of Crypto.com Exchange, expressed his excitement about joining forces with CoinRoutes, emphasizing that this integration perfectly aligns with Crypto.com’s overarching mission. He believes that by providing institutional-grade solutions to enhance liquidity environments for cryptocurrencies, they are contributing to the global transition toward digital assets.
Dave Weisberger, Co-founder and CEO of CoinRoutes, echoed Giuliani’s sentiments, stating that their collaboration will revolutionize institutional access to digital asset liquidity. By incorporating CoinRoutes’ patented crypto algorithmic trading technology into Crypto.com Exchange’s innovative platform, the two companies aim to enhance market efficiency and enable precise trade execution for institutional investors.
The integration between Crypto.com Exchange and CoinRoutes has already gone live, allowing existing clients of both platforms to take advantage of the enhanced liquidity solutions.
Established in 2016, Crypto.com has built a reputation as a trustworthy platform with a user base of over 80 million customers worldwide. The company places great importance on regulatory compliance, security, and privacy. With its vision of “Cryptocurrency in Every Wallet™,” Crypto.com is dedicated to driving cryptocurrency adoption through innovation and empowering individuals to participate in a more equitable digital ecosystem.
CoinRoutes, on the other hand, is a leading institutional-grade digital assets Execution Management System. It provides liquidity aggregation and optimizes trade execution across more than 65 major Centralized Exchanges (CEXs), Decentralized Exchanges (DEXs), and Liquidity Providers (LPs). CoinRoutes’ advanced technology ensures institutions achieve the best possible outcomes when seeking liquidity in the digital assets market.
As Crypto.com prepares to end U.S. access to its institutional exchange, industry observers are keen to see the implications of this decision on the company’s overall strategy and market presence. Nonetheless, Crypto.com’s commitment to innovation and its partnership with CoinRoutes solidify its position as a key player in the cryptocurrency industry. The company continues to cater to the needs of institutional investors while driving global adoption of digital assets.
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