CryptoCom, a popular cryptocurrency exchange and payments provider, announced the launch of its new over-the-counter (OTC) solution for institutional and VIP clients today.
Simultaneously, the company’s native token follows in the footsteps of its notable performers by setting a new all-time high.
CryptoCom Has Launched An OTC Portal
The exchange revealed in a press release shared on Monday that the new OTC portal will allow the exchange’s few eligible users to receive instant quotations for large OTC trades, which are often done manually.
The solution accomplishes this by allowing institutional investors and a few high-volume retail traders to buy or sell trading pairs at a pre-determined price via a backend quoting engine that can generate a quote in seconds.
According to the exchange, this OTC portal will allow select users to capitalize on market conditions and execute large trades as quickly as possible.
“We are excited to launch our OTC solution for institutional and VIP clients, allowing them to easily execute block trades and capture market opportunities more efficiently,” said Kris Marszalek, co-founder and CEO of CryptoCom.
According to the release, the new service is currently only available to a few select institutional and retail VIPs. The exchange did, however, explain that all institutional and VIP clients will soon have access to the solution.
CryptoCom was founded in 2016, and the domain was reportedly purchased in 2018 for a whopping $12 million. Since then, the Singapore-based crypto firm has made a name for itself in the rapidly expanding digital asset industry.
The company is currently ranked as one of the top ten cryptocurrency spot exchanges in the world. With its highly intuitive crypto app, it serves over 10 million users all over the world.
The CryptoCom Visa Card, one of the world’s largest crypto card programs, is available on the platform. It also has platforms that feature some of the market’s hottest trends, such as a CryptoCom DeFi wallet and a CryptoCom NFT platform.
CRO has reached a new high.
Meanwhile, CryptoCom’s native token CRO is gaining traction as it continues to launch new features and expand its global marketing campaigns and partnerships.
CRO gained more than 50% after winning the naming rights to Staples Center in a $700 million deal, reaching a new all-time high of $0.79.
At the time of writing, the token was trading at $0.7 and ranked 13th in terms of market capitalization.