{"id":332987,"date":"2023-06-09T21:25:25","date_gmt":"2023-06-09T20:25:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=332987"},"modified":"2023-06-09T21:53:20","modified_gmt":"2023-06-09T20:53:20","slug":"crypto-com-to-halt-us-institutional-exchange-offering-retail-users-unaffected","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/crypto-com-to-halt-us-institutional-exchange-offering-retail-users-unaffected\/","title":{"rendered":"Crypto.com to halt US institutional exchange offering; retail users unaffected"},"content":{"rendered":"

Crypto.com will soon end U.S. access to its institutional exchange, according to a statement from the company on June 9<\/a>.<\/p>\n

That statement said the decision had been made due to limited demand in that market. Crypto.com said that the institutional exchange would remain available outside of the U.S. and that it would consider relaunching the U.S. service in the future.<\/p>\n

The firm said that the change will come into effect at 11:59 p.m. EDT on June 21, 2023. It added that institutional users were given advance notice.<\/p>\n

Service change will not affect retail users<\/h2>\n

Crypto.com emphasized that the change does not impact retail users, who have access to the company's retail exchange, wallet, and other services. It noted that its derivatives product, UpDown Options, will also remain available to retail users.<\/p>\n

The company added that its recent partnership with CoinRoutes<\/a>, which aims to provide improved institutional access to liquidity, remains effective.<\/p>\n

Crypto.com's announcement of the service reduction comes after the U.S. Securities and Exchange Commission's lawsuit against competing exchanges Coinbase<\/a> and Binance<\/a> earlier this week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto.com will soon end U.S. access to its institutional exchange, according to a statement from the company on June 9. That statement said the decision had been made due to limited demand in that market. Crypto.com said that the institutional exchange would remain available outside of the U.S. and that it would consider relaunching the […]<\/p>\n","protected":false},"author":1403,"featured_media":229569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,77968],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nCrypto.com to halt US institutional exchange offering; retail users unaffected<\/title>\n<meta name=\"description\" content=\"Crypto.com will soon end U.S. access to its institutional exchange, according to a statement from the company on June 9.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/crypto-com-to-halt-us-institutional-exchange-offering-retail-users-unaffected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto.com to halt US institutional exchange offering; retail users unaffected\" \/>\n<meta property=\"og:description\" content=\"Crypto.com will soon end U.S. access to its institutional exchange, according to a statement from the company on June 9.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/crypto-com-to-halt-us-institutional-exchange-offering-retail-users-unaffected\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-09T20:25:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-09T20:53:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/04\/image_2022-04-04_172555.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mike Dalton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike Dalton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/crypto-com-to-halt-us-institutional-exchange-offering-retail-users-unaffected\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/crypto-com-to-halt-us-institutional-exchange-offering-retail-users-unaffected\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/#person\",\"name\":\"Mike Dalton\",\"url\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mike-dalton-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mike-dalton-author-300x300.jpg\",\"caption\":\"Mike Dalton\"},\"jobTitle\":\"Former Journalist\",\"description\":\"Before transitioning to crypto writing in 2018, Mike studied library and information sciences. 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