Crypto.com, a popular issuer of crypto debit cards, has just announced it plans to launch a trading platform, The Block has reported.
According to Kris Marszalek, the company's CEO, the firm has made this decision in order to retain its existing user base.
Marszalek says his company has already solved one of the biggest problems, having a large user base, so the next logical step is to offer them a product to retain them.
According to him:
"We already have over 1 million users on a secure platform and a customer acquisition engine. Adding full exchange functionality addresses the needs of our existing customers and keeps them within our ecosystem."
This new trading platform will initially be compatible with BTC, ETH, XRP, EOS and CRO, the project's native token.
The exchange will charge a transaction fee of 0.008% to makers and 0.02% to takers, while high-volume traders will be exempt from paying this fee.
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