Crypto.com Expands OTC Trading Services for U.S. VIP Users
Introduction to Crypto.com’s New Offerings
Crypto.com, a prominent cryptocurrency exchange platform, has unveiled its latest service enhancement: over-the-counter (OTC) trading, now accessible to VIP clients in the United States. This strategic development was highlighted by Finbold on Friday, September 5.
Benefits for High-Volume U.S. Traders
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The introduction of OTC trading services empowers American high-volume traders with several advantages, including access to substantial liquidity, fee-free block trades, and continuous support. This initiative marks a significant step forward in providing premium trading solutions.
Exclusive Perks and Features
VIP users can enjoy exclusive benefits such as reduced spreads and a fee-free trading experience, regardless of the trade volume. The Firm Quote feature further enhances the trading experience by eliminating delays often associated with “last look” practices, ensuring atomic settlement on every transaction.
Expansion of Staking Options
Coinciding with the OTC rollout, Crypto.com has broadened its staking options for U.S. clients, integrating support for Toncoin (TON) and Eigenlayer (EIGEN). Through the Crypto.com app, users can now stake these assets and earn up to 3.9% in rewards, enhancing their portfolio’s earning potential.
Staking Opportunities
U.S. users can now stake $TON, $EIGEN, and Eigenlayer ETH directly via the Crypto.com App. This on-chain staking option not only secures their preferred blockchain but also offers a lucrative reward rate of up to 3.9%.
Understanding OTC Trading on Crypto.com
OTC trading facilitates direct transactions through specialized brokerages rather than public exchanges, providing enhanced privacy, substantial liquidity, and swift settlement times. This ensures that transactions remain discreet and are not publicly visible.
Core Components of OTC Services
Crypto.com’s OTC services are built on three fundamental components: the OTC Portal, the Private OTC Desk, and the OTC Application Programming Interface (API). The OTC Portal offers customizable, zero-fee quotes, while the Private OTC Desk connects clients directly with Crypto.com’s trading team. The OTC API enables seamless integration with existing trading systems through REST, WebSocket, or FIX protocols.
Real-Time Trading Capabilities
VIP clients benefit from real-time quotes on over 500 trading pairs, encompassing stablecoins and fiat currencies. This comprehensive offering caters to a diverse range of users, from retail traders to hedge funds, ensuring a versatile and efficient trading experience.
Conclusion
By merging an accessible portal with a flexible API, Crypto.com aims to meet the diverse needs of its clientele. This expansion not only highlights Crypto.com’s commitment to innovation but also solidifies its position as a leader in the cryptocurrency exchange landscape.
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