Crypto.com Exchange closes the service for institutional customers in the United States – Bits Media

Crypto.com cryptocurrency exchange announced the suspension of service for institutional customers in the United States with 21 june. This is due to low demand for such services.

The application of the site notes, that the current market conditions and the regulatory situation in the USA are still The volume of trading on the platform for institutional customers was more reduced.

Investors were warned in advance about the suspension of service. The company's management reserves the opportunity to resume the service in the future.

At the same time, the mobile application and platform for retail customers remain completely efficient. There will also be access to the Updown Options product, which makes it possible to earn on the price movements of various cryptocurrencies.

Recall, that the retail platform Crypto.com in the United States provides the opportunity to trade cryptocurrency derivatives, regulated commission for commercial futures trade (CFTC).

Recently, Crypto.com has successfully completed the annual pre -command test period and received permission to conduct activities in Singapore.