Crypto.com, which serves more than 10 million customers with the world’s fastest growing crypto app, has just announced it is cooperating with Silvergate to launch USD deposits and withdrawals to its institutional clients.
According to the press release seen by iHodl, this integration with the provider of financial infrastructure solutions to the digital currency industry is an additional on/off ramp solution on the Crypto.com Exchange.
Thanks to the association, institutional clients can now transfer USD from their bank accounts to the exchange and vice versa, at no additional cost. Customers will get access to the Silvergate Exchange Network (SEN), which enables them to send US dollars 24 hours a day, 7 days a week, 365 days a year.
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It must be noted that the feature will be available to institutional clients in all exchange available markets.
Kris Marszalek, co-founder and CEO of Crypto.com, said:
"We are excited to work with Silvergate to provide an additional fiat on/off ramp solution to our institutional clients. The solution is highly requested which will enable an even better trading experience in the Crypto.com Exchange. Silvergate’s products and services bridge the gap from the traditional financial world to the crypto world, which supports our mission to ‘accelerate the world's transition to cryptocurrency.’ We look forward to extending the service to more customers."