Crypto.com suspends US institutional exchange service

Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service starting June 21.

The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move, which has been exacerbated by testing prevailing market conditions.

A statement from Crypto.com noted that the platform’s institutional users were given advance notice of the decision to suspend the service. Crypto.com’s retail mobile application and platform remains fully operational in the United States. Related: Crypto​.com scores fresh regulatory approval in France American retail users still have access to cryptocurrency derivatives trading regulated by […]

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By Donato