Crypto.com to launch cryptocurrency investment platform for US institutional investors

Crypto.com, a global cryptocurrency exchange headquartered in Singapore, has launched an institutional trading platform to complement its mobile application for retail cryptocurrency trading.
According to the announcement, the new platform will offer more than 300 trading pairs and support advanced trading strategies for institutional investors, which is
It represents a further push into Wall Street. Crypto.com plans to enter the U.S. institutional custody market in December 2024 and begin offering cryptocurrency in certain states.
The exchange will compete in the fast-growing U.S. institutional crypto market, which dominates North America in terms of cryptocurrency adoption and value.
North America remains the world's largest cryptocurrency market. According to an October 2024 Chainalysis report, roughly 70% of cryptocurrency activity in North America will involve transactions over $1 million.
The majority of U.S. investments were made in the form of direct investments, the highest rate of any region surveyed. This is due to the U.S.'s vast capital base and deep financial markets.
This is also confirmed in the data.