Crypto.com Partners With CoinRoutes To Expand Deep Liquidity Access

Key Points:

• CoinRoutes, a prominent supplier of smart order routing and execution services, is integrated with Crypto.com.
• According to the press release, the exchange will combine its infrastructure with CoinRoutes’ order routing technology to provide diverse liquidity.
• The collaboration comes at a time when US authorities have increased pressure on exchanges, casting doubt on their future viability in the US.

To improve institutional access to liquidity and decrease friction for its consumers, Crypto.com has partnered with CoinRoutes, an order execution system.

According to the news release, by combining Crypto.com’s cutting-edge infrastructure with CoinRoutes’ cutting-edge order routing technology, this cooperation intends to improve institutional access to liquidity in the digital assets market and minimize friction for Crypto.com and CoinRoutes customers.

CoinRoutes Co-Founder and CEO David Weisberger stated:

“By integrating our patented crypto algorithmic trading technology with Crypto.com Exchange’s innovative platform, we are reshaping the landscape of institutional access to digital asset liquidity. This collaboration will enable institutions to navigate the market more efficiently and execute trades with unparalleled precision.”

According to Weisberger, customer desire for enhanced liquidity availability has grown. He also said that the majority of CoinRoutes’ clientele had relocated outside of the United States, which is “another reason to diversify our liquidity.”

The collaboration comes as US authorities have increased pressure on exchanges, casting doubt on their future viability in the US, but also as worries about insufficient liquidity have plagued markets.

More US crypto exchanges are expected to be targeted after the Securities and Exchange Commission (SEC) sued Coinbase and Binance, two of the world’s top crypto exchanges, this week for allegedly violating SEC laws.

In recent months, Crypto.com has gone from highs of successful operating licenses in France and Brazil to prohibited advertising in the United Kingdom, personnel cutbacks, and trouble sustaining fiat on-ramps as the financial crisis has progressed.

On June 1, the Monetary Authority of Singapore (MAS) granted the exchange a major payment institution (MPI) license to provide digital payment token (DPT) services.

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Harold

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