Crypto.com Exchange Goes Live at Full Capacity on Sep 8
- Crypto.com CEO said earlier that his company has already 1 million users that were acquired from other products it offers.
Crypto.com is exiting the public beta testing of its cryptocurrency exchange, which allows users to trade digital assets through its web interface, trading API, and native app.
Also, the exchange claims it successfully completed its security assessment and tested all functions, and thus, will progressively launch with full capacity in all markets where Crypto.com App is available.
The crypto debit card issuer launched its exchange in private beta nearly nine months ago in an attempt to retain the platform's existing customers. The trading venue initially supported nine tokens including BTC, ETH, XRP, EOS and the project's native token CRO.
Since then, Crypto.com underwent external penetration testing, threat modelling through to risk control reviews, as well as external tests and a threat modelling exercise to ensure the completeness of security controls.
Crypto.com CEO, Kris Marszalek said earlier that his company already has more than 1 million users that were acquired from other products it offers, such as crypto-related Visa cards, wallet and portfolio building services.
As such, the challenge was to retain them by building an ecosystem in which the existing users are willing to stay. To further sweeten the offering, Crypto.com obtained a policy of $100 million through a global insurance marketplace that covers users’ digital assets held in their accounts with the cryptocurrency and payment platform. The unnamed insurer offers a crime insurance product that safeguards offline storage accounts, known as cold wallets, against theft or direct loss.
“To celebrate this milestone, Crypto.com is pleased to present another Bitcoin Syndicate Special, featuring BTC at 50% off with USD$2M allocation. This event will commence on Tuesday, 8 September 2020, 6AM UTC on the Crypto.com Exchange,” the Hong Kong-headquartered startup said.
Founded in 2016, Crypto.com launched its initial coin offering (ICO) in May 2017 after a year working on its offering that included a range of products aimed at promoting the adoption of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term on a wider scale. The Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and card provider, formerly known as Monaco, also offers customers the option to fund their crypto wallets via EUR bank transfers from accounts in the Single Euro Payments Area (SEPA).
Crypto.com is exiting the public beta testing of its cryptocurrency exchange, which allows users to trade digital assets through its web interface, trading API, and native app.
Also, the exchange claims it successfully completed its security assessment and tested all functions, and thus, will progressively launch with full capacity in all markets where Crypto.com App is available.
The crypto debit card issuer launched its exchange in private beta nearly nine months ago in an attempt to retain the platform's existing customers. The trading venue initially supported nine tokens including BTC, ETH, XRP, EOS and the project's native token CRO.
Since then, Crypto.com underwent external penetration testing, threat modelling through to risk control reviews, as well as external tests and a threat modelling exercise to ensure the completeness of security controls.
Crypto.com CEO, Kris Marszalek said earlier that his company already has more than 1 million users that were acquired from other products it offers, such as crypto-related Visa cards, wallet and portfolio building services.
As such, the challenge was to retain them by building an ecosystem in which the existing users are willing to stay. To further sweeten the offering, Crypto.com obtained a policy of $100 million through a global insurance marketplace that covers users’ digital assets held in their accounts with the cryptocurrency and payment platform. The unnamed insurer offers a crime insurance product that safeguards offline storage accounts, known as cold wallets, against theft or direct loss.
“To celebrate this milestone, Crypto.com is pleased to present another Bitcoin Syndicate Special, featuring BTC at 50% off with USD$2M allocation. This event will commence on Tuesday, 8 September 2020, 6AM UTC on the Crypto.com Exchange,” the Hong Kong-headquartered startup said.
Founded in 2016, Crypto.com launched its initial coin offering (ICO) in May 2017 after a year working on its offering that included a range of products aimed at promoting the adoption of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term on a wider scale. The Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and card provider, formerly known as Monaco, also offers customers the option to fund their crypto wallets via EUR bank transfers from accounts in the Single Euro Payments Area (SEPA).