Crypto.com recently announced a partnership with Silvergate, a provider of financial infrastructure solutions. The collaboration allows the firm’s institutional clients to make global USD deposits and withdrawals.
With this integration, institutional clients of Crypto.com can easily transfer USD from their banks to the exchange and vice versa — for free. Customers will have access to the Silvergate Exchange Network as a result of the integration of an additional on/off ramp solution for the exchange (SEN). The network allows users to send USD 24 hours a day, seven days a week.
Alan Lane, CEO of Silvergate, extended a warm welcome to Crypto.com.
We are delighted to welcome Crypto.com as a Silvergate client and SEN participant. Their diverse and dedicated global user base, as well as their commitment to industry success, help to ensure global crypto adoption.
According to Kris Marszalek, Co-Founder and CEO of Crypto.com, they are very excited to work with Silvergate. “The solution is highly requested,” he said, “and will enable an even better trading experience in the Crypto.com Exchange.” Marszalek added that their team is excited to expand the service to more customers.
Finally, the CEO of Crypto.com stated the same thing. “Silvergate’s products and services bridge the gap between the traditional financial world and the crypto world, which contributes to our mission to ‘accelerate the world’s transition to cryptocurrency.”