In a press release, budding cryptocurrency exchange Currency.com announced that it has expanded into the United States of America.
Through this, the fast-growing exchange will be able to tap into a whole new region of clients and, at the same time, provide them with faster and easier onboarding and execution.
Currency.com brings cryptocurrency to the United States
Having previously registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business, the exchange can now provide the services of buying, storing and investing in cryptocurrencies to 48 states and territories.
The only states that will not be able to access these services immediately are New York and Hawaii, which, as with the exchange, will receive them in the coming months.
By calling the United States “one of the most mature cryptocurrency markets in the world,” Currency.com will ensure that through the streamlined onboarding process, the exchange will be able to attract new investors to it and away from other exchanges.
Currency.com US will already have a hosted crypto wallet and fiat-to-crypto payment gateway. In this way, US customers will be the first in the world to benefit from this faster onboarding and execution.
Over the course of 2021, the exchange saw a 445% increase in global trading activity on the global exchange, and Currency.com hopes its US arm will grow at this rate as well.
Commenting on the launch, Currency.com US CEO Steve Gregory said:
“As a licensed and licensed platform to provide distributed ledger technology services, Currency.com is well positioned to support investors on their journey. Our strong growth puts us on track to expand into new markets, diversify the range of products and solutions we offer to our customers, and work closely with regulators and trade organizations to ensure that we continue to provide an environment safe for our customers to buy, sell and trade cryptocurrencies ".
The self-hosted wallet
Building on their vision of simplifying the cryptocurrency trading and investing process, the exchange is also providing users with a fiat-backed crypto wallet and fiat to crypto gateway.
In this way, by connecting to their bank accounts or cards, users can easily buy and sell cryptocurrencies and at the same time hold them according to their choice.
The exchange will be launched with Bitcoin and other major cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash. And over time, other altcoins will also be listed on Currency.com.
However, those who want to can already start trading the major cryptocurrencies on Bitcoin system. It is a safe and reliable platform for trading CFDs on popular and non-popular cryptocurrencies.
