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News Explorer — Crypto.com to Shutter US Institutional Exchange Due to 'Limited Demand'

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Jun 9, 6:04 pm

Decrypt

Crypto.com to Shutter US Institutional Exchange Due to 'Limited Demand'

Crypto.com, a Singapore-based digital asset platform, announced that it will be winding down its institutional service for American clients on June 21 due to limited demand from institutions in the U.S. Institutional investors are large, accredited customers with more money to invest than typical retail clients. The decision does not impact the Crypto.com retail app used by more than 80 million users worldwide.

Crypto.com, a Singapore-based digital asset platform, announced that it will be winding down its institutional service for American clients on June 21 due to limited demand from institutions in the U.S. Institutional investors are large, accredited customers with more money to invest than typical retail clients. The decision does not impact the Crypto.com retail app used by more than 80 million users worldwide.

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