Crypto.com launches the US exchange it suspended in 2023

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. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.