Crypto.Com Announces US Platform Initial Phase Launch

Crypto.com announces US platform initial phase launch according to a company statement that we read more about in today’s crypto news.

Crypto exchange Crypto.com announces US platform initial phase launch and the CEO Kris Marszalek said in a statement:

“We are excited to be expanding our offering for professional traders to the U.S. Crypto.com Exchange will support U.S. institutional investors through this initial launch phase. We are looking forward to rolling it out to everyone as soon as possible.”

According to the statement, the exchange is now available to waitlist users with a rollout in place for the upcomign months. The waitlist however is for US institutional investors alone and the press release said that the VIP users of the exchange platform will have access to a few features like exclusive events, cutting-edge market insights, and rewards. This is not the first time that US customers heard of Crypto.com after the exchange forked out some major money to feature in this year’s Super bowl. Last year, the exchange joined other platforms like FTX in buying up Superbowl advertising space and the cost for an ad hit $6.5 million for 30 seconds of airtime. Marszalek said:

“Going into different sports just allows me to reach everybody where they are. The Super Bowl is just one more step into that, where it’s as mass as you get.”

The company’s ad featured a young LeBron James who talked with his older self and the ad aired minutes after the halftime show came to an end. The creative director for Crypto.com Ben Lay said:

“At its core, this is really a story about all of us. We’ve all had to make these big courageous decisions that affect our future.”

As recently reported,  gives a week deadline for users in excluded countries to repay their loans and the decision came within a month of BlockFi’s $100 million penalties for the lending products. Many speculated that the regulatory clampdown will be the main reason behind the decision. Crypto.com gives a week of deadline for users in restricted countries to repay the loans until March 15. The company updated the list of restricted countries to include the US, UK, and others. The users from European nations like Switzerland, Germany, and the UK shared emails from the company regarding the loan closure date. It is worth noting that some of the users that don’t have crypto loans on the platform still got the email.