Singapore-based cryptocurrency platform Crypto.com has finally acted out on its US expansion plans with the initial launch of its exchange subsidiary in the country.
According to the prepared statement, the VIP users will be provided with exclusive events, rewards, and Crypto.com’s “cutting-edge” market insights.
Planning out the launch in several phases, the initial rollout will allow waitlisted users to access the platform. In addition, the platform is currently only available for US-based institutional investors with plans to roll out the program for everyone.
“We are excited to be expanding our offering for professional traders to the U.S.,” said Kris Marszalek, CEO of Crypto.com in a press release issued today. “Crypto.com Exchange will support U.S. institutional investors through this initial launch phase. We are looking forward to rolling it out to everyone as soon as possible.”
Since its founding in 2016, Crypto.com has become one of the largest exchanges by spot trading volume. The exchange, with the likes of FTX, Coinbase, and eToro, also bought ad space for the US Super Bowl Championship event. In November, it also acquired the naming rights of the NBA home stadium Staples Center in a $700 million deal.