Crypto.com Launches US Institutional Trading Platform to Enhance Retail Trading Application

Crypto.com has introduced a platform for institutional trading in the United States, aiming to enhance its existing mobile application for retail cryptocurrency trading.

The new platform, revealed on January 21, will feature over 300 trading pairs and advanced trading tools designed for institutional clients, indicating the company’s deeper commitment to Wall Street.

This initiative follows Crypto.com’s entry into the US institutional custody sector in December 2024, where it began offering services to high-net-worth individuals in select states.

Crypto.com Aims to Expand in the US Institutional Crypto Market

The exchange’s latest effort positions it to capitalize on the rapidly growing US institutional cryptocurrency market.

According to a report by Chainalysis from October 2024, the United States leads in cryptocurrency adoption and value in North America, the largest cryptocurrency market globally.

Approximately 70% of North American cryptocurrency transactions involved transfers exceeding $1 million, highlighting the prevalence of institutional activity in the region.

The launch occurs amid changing regulatory sentiments in the US. President Donald Trump, recently inaugurated for a second term, is anticipated to provide greater clarity regarding the regulatory landscape for cryptocurrencies.

Trump’s interaction with the industry during his campaign has generated optimism about a more cooperative approach to regulation.

We’ve entered a new era
The https://t.co/A7lhUEyVZW Exchange has arrived in the US
Built for advanced traders, it’s the world’s leading USD-supporting crypto exchange by spot volume and features:
Deep liquidity and low fees for 480+ pairs
GEN3 tech stack for fast… pic.twitter.com/ey3zq7Raej

— Crypto.com Exchange (@Cryptocom_Exch) January 21, 2025

On January 21, Acting Securities and Exchange Commission (SEC) Chair Mark Uyeda announced the establishment of a crypto task force aimed at creating a comprehensive regulatory framework for digital assets.

Crypto.com’s institutional platform will compete with offerings from other major US-based exchanges, including Coinbase, Kraken, and Gemini, as well as Wall Street firms like BlackRock and Fidelity, which have entered the market with crypto ETFs and tokenized assets.

Based in Singapore, Crypto.com operates in 90 countries. Its expansion in the US aligns with its recent in-principle approval for a Markets in Crypto-Assets (MiCA) license, allowing operations throughout the European Union.

Crypto.com Launches Stock and ETF Trading for U.S. Customers

Earlier this month, Crypto.com initiated stock and exchange-traded fund (ETF) trading for U.S. customers in Pennsylvania, Ohio, Washington, and Arizona.

The company intends to expand this feature nationwide, providing zero-commission trades, fractional shares, and securities transfers within its app.

In other news, Crypto.com has appointed Mohammed Al-Hakim as the President of its operations in the United Arab Emirates (UAE).

As reported, December marked a significant milestone for centralized crypto exchanges, achieving the highest combined spot and derivatives trading volumes ever recorded, according to CCData’s latest market report.

The report indicated a 7.58% increase in combined trading activity, reaching an all-time high of $11.3 trillion.

Binance maintained its leadership in spot trading, recording $946 billion in volume, a slight increase of 0.13%. Bybit and Coinbase followed, with $247 billion (up 18.8%) and $191 billion (up 9.62%), respectively.

Crypto derivatives trading also surged, rising 7.33% to $7.58 trillion, the highest monthly volume in derivatives history.

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