Crypto.com to halt US institutional exchange service

Crypto.com to halt US institutional exchange service



Crypto.com has announced its decision to discontinue its institutional exchange service for clients in the United States, effective from June 21. The Singapore-based cryptocurrency exchange stated that the move was prompted by a combination of limited demand from institutional customers and challenging market conditions.



An anonymous figure known as CryptoTea within the cryptocurrency community has drawn attention to the recent actions of the Securities and Exchange Commission (SEC). Specifically, the SEC has explicitly mentioned several tokens traded on the Crypto.com platform, including Solana, Sandbox, MATIC, CHZ, BNB, MANA, ALGO, and others, as potentially falling under the category of securities that Binance and Coinbase faced scrutiny for just a week earlier.



Crypto.com clarified that the decision to suspend institutional


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#Blockchain, #CryptoCom, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

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