Leading crypto trading platform CryptoCom started its operations to start the crypto services for US based institutions, with plans later for retail Investors.
CryptoCom is a popular crypto exchange & wallet service, which provides its services in every possible country under compliance. Due to its better quality & compliance-based services, the exchange stands at 12th rank by 24 hours trading volume activities on the platform.
On 15 March, CryptoCom published a blog post and noted that the exchange started the rollout of its crypto services for the waitlisted users of the US.
The exchange will not open its services to all types of US users, instead, it will follow step by step expansion. In the very starting, the platform will only be available to select institutional investors, with a wider remit envisioned shortly.
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Kris Marszalek, CEO of CryptoCom, commented on this Initial phase of rollout and noted that initially they will allow services for institutional investors and further will be available to all users
“We are excited to be expanding our offering for professional traders to the US…(…)..Crypto.com Exchange will support US institutional investors through this initial launch phase. We are looking forward to rolling it out to everyone as soon as possible.”
Change in Policies of CryptoCom
In the last week, reportedly many users of some particular countries, mainly from Germany, Switzerland, and the UK received mail from CryptoCom exchange to return the loans before 15 March.
However, the platform didn’t announce about it officially but mail sent to the user was clearly showing that the latest change in the policies took place because of the legal orders from their respective countries’ regulatory bodies.
However few people claimed that exchanges needed money because promotion activities and endorsement of celebrities to promote the platform tanked the bank balance.
A THREAD ON @cryptocom @cryptocomcs @Kris_HK
It looks like the splurge in marketing is starting to take it's toll on the balance sheet
I have a fair amount of #XRP – for sure not where my *BAGS* are, but… pic.twitter.com/quLEKNiAEK
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XRP
GLOBAL
(@xrp_ninja) March 8, 2022
Read also: Commissioner Lee announces to leave SEC: impact on Crypto industry
Crypto exchange CryptoCom expanding services to the US
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