Popular cryptocurrency exchange and payments provider CryptoCom announced today the launch of its new over-the-counter (OTC) solution for its institutional and VIP clients.
At the same time, the company’s native token continues with its notable performers by charting a new all-time high.
CryptoCom Launches OTC Portal
In a Monday press release shared with CryptoPotato, the exchange revealed that the new OTC portal will enable the few eligible users to receive instant quotations for large OTC trades, which are often done manually.
The solution does this by allowing institutional investors and a few large-volume retail traders to buy or sell trading pairs at a pre-approved price using a backend quoting engine that can provide a quote within seconds.
The exchange noted that this OTC portal will allow select users to take advantage of market conditions and execute large trades as quickly as possible.
Speaking on the matter, the co-founder and CEO of CryptoCom, Kris Marszalek, said, “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.”
As per the release, only a few select institutional and retail VIPs can access the new service as of now. However, the exchange explained that all institutional and VIP clients will soon gain access to the solution.
CryptoCom was founded in 2016, and the domain was reportedly bought for a whopping $12 million in 2018. Since then, the Singapore-headquartered crypto company has managed to make a name for itself in the rapidly growing digital asset industry.
The company is currently among the top ten crypto spot exchanges in the world. It serves more than 10 million users, scattered across the globe, with its highly intuitive crypto app.
The platform has one of the world’s largest crypto card programs, the CryptoCom Visa Card. It also boasts platforms featuring some of the biggest trends in the market, including a CryptoCom DeFi wallet and CryptoCom NFT platform.
CRO Hits New ATH
Meanwhile, as CryptoCom continues to launch new features and expand its global marketing campaigns and partnerships, its native token CRO has been gaining momentum.
Shortly after the company won the naming rights to Staples Center in a $700 million deal, CRO gained more than 50%, hitting a new all-time high of $0.79.
At the time of writing, the token is trading at $0.7 and ranking as the 13th largest cryptocurrency by market cap.