Crypto.com’s US Debut Sends CRO Soaring by 5%

Crypto.com, the popular exchange claiming to have over 100 million users, has announced the launch of its US arm just a day after Donald Trump’s inauguration as the 47th president.

The company said US-based users will be able to trade over 300 digital assets and 480 trading pairs.

The announcement, shared with CryptoPotato earlier today, reads that users in the States already have access to the Crypto.com App, where they will find ‘institutional-grade offerings.’

“Since initially testing an early version of the Crypto.com Exchange in the U.S. in 2022, we have invested significantly in the Exchange’s technological capabilities and banking rails resulting in exponential global growth and becoming the industry’s leading USD-supporting cryptocurrency exchange,” commented the company’s CEO, Kris Marszalek.

He added that the new offering will be available to retail, advanced, and institutional investors. Marszalek said he and his team “continue to be bullish” about the US market, which is expected to receive a big regulatory boost under the Trump administration.

The statement noted that the trading interface is ‘optimized for speed and responsiveness,’ and its widget-based design is ‘fully customizable, enabling users to effortlessly drag and drop elements like charts and order books for their personalized trading experience.’

Users will be able to take advantage of multiple features, such as advanced order types, sub-account creation for portfolio management, as well as strategic copying of trading bots.

The token associated with the exchange and the Cronos blockchain, CRO, jumped after the news broke. It traded at $0.134 but went to a two-day peak of over $0.14 before it retraced slightly.

CROUSD. Source: TradingView

CoinGecko data shows that CRO is the 45th largest cryptocurrency with a market cap of over $3.7 billion. The token peaked at over $0.22 after the US elections but retraced hard in the following months to its current level.

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