The Hong Kong-based cryptocurrency exchange Crypto.com is launching a suite of new features for derivatives and margin trading.
According to an announcement made June 18, the exchange is upgrading its system with a new matching engine and order management software which will allow users to trade derivatives. The new features will also allow for high-leverage margin trading, which the exchange plans to launch by the end of the year.
https://t.co/vCNztABJoG Exchange upgrade complete! ✅
New Matching Engine, OMS & REST/Websocket APIs, 10x performance.
New infra, new promos:
🔥 0% trading fee for 1st 90 days for new users
🔥 50% trading fee reduction for existing users
— Crypto.com (@cryptocom) June 18, 2020
In addition, the announcement claims that Crypto.com intends to offer users lending features and over-the-counter (OTC) crypto services.
Kris Marszalek, co-founder and CEO of Crypto.com, said in a statement,
We launched the Crypto.com Exchange last Fall with a goal of creating a trading platform so secure, liquid and user-friendly that it becomes a natural choice for both institutional and retail customers.
Crypto.com, which launched its beta six months ago, currently provides users with a storage wallet, credit card, and interest-yielding crypto savings account, in addition to its exchange services.
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