on the crypto
Popular cryptocurrency exchange and payment provider CryptoCom today announced the launch of its new over-the-counter (OTC) solution for its institutional and VIP clients.
At the same time, the company's native token continues with its notable artists by charting a new all-time high.
CryptoCom launches the OTC portal
In a press release on Monday, the exchange revealed that the new OTC portal will allow the few eligible users to receive instant quotes for large OTC trades, which are often done manually.
The solution does this by allowing institutional investors and some high-volume retail traders to buy or sell trading pairs at a pre-approved price using a backend quote engine that can provide a quote in seconds.
The exchange noted that this OTC portal will allow select users to take advantage of market conditions and execute large deals as quickly as possible.
Speaking on the matter, CryptoCom co-founder and CEO Kris Marszalek said, “We are thrilled to launch our OTC solution for institutional and VIP clients, enabling them to easily execute blocking trades and capture market opportunities more efficient".
As of release, only a few select institutional and retail VIPs can access the new service as of now. However, the exchange explained that all institutional and VIP clients will soon have access to the solution.
Top 10
CryptoCom was founded in 2016 and the domain was reportedly bought for a whopping $ 12 million in 2018. Since then, the Singapore-based cryptocurrency firm has managed to make a name for itself in the fast-growing digital asset industry.
The company is currently in the top ten cryptocurrency exchanges in the world. It serves more than 10 million users, spread all over the world, with its highly intuitive crypto app.
The platform has one of the largest crypto card programs in the world, the CryptoCom Visa card. It also boasts platforms with some of the biggest trends in the market, including a CryptoCom DeFi wallet and the CryptoCom NFT platform.
CRO breaks through a new ATH
Meanwhile, as CryptoCom continues to roll out new features and expand its global marketing and partnership campaigns, its native CRO token is gaining momentum.
Shortly after the company won Staples Center's naming rights in a $ 700 million deal, CRO earned more than 50%, hitting a new all-time high of $ 0,79.
As of this writing, the token has a quotation of $ 0,7 and ranks as the 13th largest cryptocurrency by market capitalization.
