Crypto.com launched their new website. “institutional-grade venue” In the US, a day following the swearing in of the so-called first pro-crypto President.
Kris Marszalek was possibly referring to Trump’s first year in office when he began his Tuesday X blog post by saying “Today is Day 1.”
Marszalek praises the US platform “deep liquidity, stable banking rails, robust APIs for most demanding high frequency traders, competitive fees and white glove service for all VIPs.”
It’s been about 18 months since Crypto.com announced that it would shut down temporarily the first version of its US institutional exchange, which it had tested. The company quoted “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.
At the time, the company stated that it may reopen its institutional trading platform at a later date. We are now in a situation where a president and many members of Congress have pledged to support crypto.
“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 representative told me this in an email on Tuesday.
Marszalek also met Donald Trump at the end of last month. One person with knowledge of the rendezvous told me that the two had discussed cryptocurrency-related appointments, and the creation of a Bitcoin reserve.
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