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The sale of Circus Circus, a historic casino-hotel on the north Las Vegas Strip, is being considered by Phil Ruffin, the owner of both Treasure Island and Circus Circus. Ruffin is reportedly worth about $5 billion for the 102-acre property.
This platform complements the existing Crypto.com App, which serves retail traders. It reflects Crypto.com’s ongoing efforts to expand its reach within the U.S. market. According to Kris Marszalek, co-founder and CEO of Crypto.com, the initiative stems from the company’s investment in technology and banking infrastructure. “We’ve made significant investments since 2022 when we began testing an early version of the exchange,” he noted.
Institutional users will gain access to over 300 cryptocurrencies and 480 trading pairs. The platform also offers advanced tools, deep liquidity, and infrastructure built for high-frequency and large-volume trading.
The platform introduces several features tailored to institutional needs. Advanced order types and sub-account functionalities cater to active traders, while automated strategies like DCA, GRID, and TWAP simplify trading for less frequent users.
Clients can fund accounts through Fedwire transfers and withdraw U.S. Dollars or USDC at a 1:1 ratio. Additional services include instant transfers, OTC trading options, and low-latency trading via API integrations. These features aim to streamline the trading process for institutional clients.
Crypto.com’s new platform demonstrates its commitment to meeting the demands of professional traders while reinforcing its position in the competitive U.S. market. The combination of advanced tools and liquidity ensures the firm’s appeal to a diverse range of institutional investors.