Crypto.com to halt US institutional exchange offering; retail users unaffected

2023-6-10 23:25

Crypto.com will soon end U.S. access to its institutional exchange, according to a statement from the company on June 9.

That statement said the decision had been made due to limited demand in that market. Crypto.com said that the institutional exchange would remain available outside of the U.S. and that it would consider relaunching the U.S. service in the future.

The firm said that the change will come into effect at 11:59 p.m. EDT on June 21, 2023. It added that institutional users were given advance notice.

Service change will not affect retail users

Crypto.com emphasized that the change does not impact retail users, who have access to the company’s retail exchange, wallet, and other services. It noted that its derivatives product, UpDown Options, will also remain available to retail users.

The company added that its recent partnership with CoinRoutes, which aims to provide improved institutional access to liquidity, remains effective.

Crypto.com’s announcement of the service reduction comes after the U.S. Securities and Exchange Commission’s lawsuit against competing exchanges Coinbase and Binance earlier this week.

The post Crypto.com to halt US institutional exchange offering; retail users unaffected appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

statement crypto exchange institutional decision said june

Источник: cryptoslate.com

statement crypto → Результатов: 126


Фото:

UK Financial Watchdog Urged to Reconsider Banning Crypto-Derivatives by World Federation of Exchanges

In an official statement issued on October 7, 2019, the World Federation of Exchanges (WFE) – a global body for exchanges and cryptocurrency trading platforms – asked the U. K. ’s Financial Conduct Authority (FCA) to reconsider putting a blanket ban on the sale of crypto derivative products to retail investors.

2019-10-9 19:00


Why is the UK thinking of banning crypto derivatives?

Britain’s foremost financial watchdog, the Financial Conduct Authority, is contemplating a blanket-ban on cryptocurrency derivatives for retail traders as early as 2020, The Economist reported. The meeting comes on the heels of a statement released in early July by the FCA proposing a ban on crypto derivatives—high-risk assets where “retail consumers might suffer harm from […] The post Why is the UK thinking of banning crypto derivatives? appeared first on CryptoSlate.

2019-10-4 12:02


Dark Market Seller Convicted Of Selling Drugs by DoJ, To Forfeit Millions In Ill-Gotten Crypto Profits

California resident Sky Justin Gornik has been convicted of selling drugs for cryptocurrencies in darknet markets. According to a statement from the U.S. Department of Justice, the man aged 39 pleaded guilty to using the Alpha Bay, Trade Route, Abraxas, Evolution, Outlaw Market, and Dream Market trading floors to trade fentanyl, carfentanil, ketamine, oxycodone, amphetamine, […]

2019-8-21 21:24


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Coinbase ranks fifth globally in exchange revenue, surpassing Nasdaq and CBOE

Crypto trading is rapidly outpacing traditional finance, with Coinbase leading the charge thanks to the improved market sentiment sparked by Donald Trump’s election victory. Jamie Coutts, the chief crypto analyst at Real Vision, shared data showing that Coinbase currently ranks fifth globally for exchange revenue, generating $5.