Crypto.com Unveils US Institutional Trading Platform to Enhance Crypto Retail Trading App

Crypto.com has introduced an institutional trading platform in the United States, aiming to complement its existing crypto retail trading mobile application.

The new platform, announced on January 21, will offer more than 300 trading pairs and advanced trading tools tailored to institutional clients, signaling the company’s deeper push into Wall Street.

The move follows Crypto.com’s entry into the US institutional custody market in December 2024, where it began providing services to high-net-worth residents in select states.

Crypto.com Targets Expanding US Institutional Crypto Market

The exchange’s latest initiative positions it to tap into the rapidly growing US institutional crypto market.

According to an October 2024 report by Chainalysis, the United States leads crypto adoption and value in North America, the world’s largest cryptocurrency market.

Approximately 70% of North American crypto transactions involved transfers exceeding $1 million, underscoring the dominance of institutional activity in the region.

The launch comes at a time of shifting regulatory sentiment in the US. President Donald Trump, recently inaugurated for a second term, is expected to bring greater clarity to the crypto regulatory environment.

Trump’s engagement with the industry during his campaign has fostered optimism about a more collaborative approach to regulation.

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

Crypto.com’s institutional platform will compete with services offered by 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.

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

Crypto.com Introduces Stock and ETF Trading for U.S. Users

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

The company plans to expand the feature nationwide, offering zero-commission trades, fractional shares, and securities transfers within its app.

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

As reported, December marked a historic 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 revealed a 7.58% increase in combined trading activity, reaching an all-time high of $11.3 trillion.

Binance retained its dominance in spot trading, registering $946 billion in volume, a slight 0.13% rise. Bybit and Coinbase followed, with $247 billion (up 18.8%) and $191 billion (up 9.62%), respectively.

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

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