Cryptocurrency exchange Crypto.com has started to roll out its exchange to waitlisted users in the United States as it expands its presence in the world’s largest economy.
According to a blog post published on March 15, its exchange platform would initially be offered exclusively to select institutional investors, with a broader scope planned in the near future.
“We are excited to be extending our service for professional traders to the United States,” Crypto.com CEO Kris Marszalek said in an announcement. “During the first launch phase, Crypto.com Exchange will provide help to US institutional investors. We are eager to make it available to everyone as soon as possible.”
The announcement follows the Singapore-based company’s recent entry into the US market. In addition to paying $700 million to rename the Staples Centre, the corporation spent $216 million in December to buy two US-based derivatives platforms in order to sell derivatives and futures to its American consumers.
The platform, which the business claims is “the world’s most secure bitcoin platform,” has also been hacked. Marszalek admitted to Bloomberg TV in January that it had experienced a security compromise affecting 400 accounts. At least 4,830 ETH ($15 million) and 444 BTC ($18.5 million) are thought to have been stolen.