Cryptocurrency Q&A
Is crypto com shutting down in usa?
Is crypto com shutting down in usa?
Giulia
Fri Mar 29 2024
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6 answers
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I've been hearing rumors that Crypto.com is shutting down in the United States. Is this true? If so, what does this mean for my investments? Will I lose my money? I'm really worried about this and I need some clarity. Crypto.com has always been a reliable and trusted platform for me, so this news comes as a huge surprise. Can you provide any insight or clarification on this matter? I would greatly appreciate it.
6 answers
GliderPulse
Sun Mar 31 2024
Crypto.com, a popular crypto exchange with a global presence, has been facing increasing competition from other exchanges. The decision to withdraw from the U.S. institutional market may have been influenced by this competition.
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SeoulStyle
Sun Mar 31 2024
While Crypto.com may have exited the U.S. institutional market, it continues to offer services to retail investors in the country. This indicates that the exchange is still committed to serving the crypto community in the U.S.
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KpopHarmony
Sun Mar 31 2024
Singapore-based crypto exchange Crypto.com has announced that it will terminate its services for institutional clients in the United States. This decision was effective from June 21, 2023.
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Alessandra
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, has been providing crypto services to institutional clients for years. Unlike Crypto.com, BTCC has chosen to remain active in the institutional market, offering a range of crypto-related services to its clients.
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ZenBalance
Sun Mar 31 2024
The exchange cited “limited demand” from these customers as the primary reason for its decision. Given the current volatile and uncertain crypto market conditions, institutional investors may have been cautious about investing in cryptocurrencies.
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