Crypto.com launches the US exchange it suspended in 2023

CEO Kris Marszalek touted the new platform’s “deep liquidity [and] stable banking rails” among other notable features

January 21, 2025 04:30 pm

FellowNeko/Shutterstock modified by Blockworks

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Crypto.com has launched its “institutional-grade venue” in the US a day after the first so-called pro-crypto president was sworn in.

The exchange’s CEO, Kris Marszalek, was perhaps alluding to the start of Trump’s term when beginning a Tuesday X post with “Today is Day 1.”

Marszalek touted the new US platform’s “deep liquidity, stable banking rails, robust APIs for most demanding high frequency traders, competitive fees and white glove service for all VIPs.”

This comes roughly 18 months after Crypto.com said it would temporarily shut down the initial version of the US institutional exchange it was testing. The company cited “limited demand from institutions in the US in the current market landscape” — an apparent reference to SEC lawsuits launched against fellow exchanges Binance and Coinbase just days prior.

The company noted at the time it could reopen the institutional trading platform in the future. With a president (and many members of Congress) now vowing to support the crypto space, here we are.

“After years of operating in an environment of regulation by enforcement, we are confident that the new administration will work with industry to develop clear regulations to protect consumers and harness the opportunities advancing the industry to make the US the global leader in cryptocurrency,” a Crypto.com spokesperson told me in an email Tuesday.

This news also follows Marszalek’s meeting with Donald Trump last month. A person familiar with the rendez-vous had told me the two talked about crypto-related appointments and a bitcoin reserve.

Get the news in your inbox. Explore Blockworks newsletters:

The Breakdown: Decoding crypto and the markets. Daily.
Empire: Crypto news and analysis to start your day.
Forward Guidance: The intersection of crypto, macro and policy.
0xResearch: Alpha directly in your inbox.
Lightspeed: All things Solana.
The Drop: Apps, games, memes and more.
Supply Shock: Bitcoin, bitcoin, bitcoin.

Tags

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Digital Asset Summit 2025

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

recent research

Research

Building the Global Trading Engine

Innovations on Aptos’ technical design through Raptr, Shardines, and Zaptos approach near-optimal latency and throughput by unlocking 100% utilization of network resources, with the capacity to settle 260k transactions per second with latencies less than 800ms. The original Move language was revamped with the launch of Move 2, supporting more expressivity in smart contract logic and a scalable ability to interact with high volume datasets. The ecosystem has benefitted from strong asset inflows, now hosting over $1.3B in stablecoins, $450M in bridged BTC, and $530M in RWAs. Activity in the Aptos ecosystem has grown notably over the past year, with monthly application revenue reaching ~$835k and monthly DEX volumes growing to over $5B, both at new all time highs.

by Luke Leasure