Crypto Shuttle News

Tag: Cryptocom

  • Crypto.com Unveils Tailored Trading Platform for Korean Market

    Crypto.com Unveils Tailored Trading Platform for Korean Market

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    Crypto.com, a global cryptocurrency exchange, unveiled plans
    today (Tuesday) to introduce a specialized trading platform application
    designed exclusively for the Korean market. The application, tailored to cater
    to the preferences and needs of Korean users, is set to be launched on April
    29, 2024, offering trading between various cryptocurrencies.

    With this development, Crypto.com becomes the first
    international cryptocurrency exchange to venture into the Korean market,
    signaling its focus on expanding its global footprint. The Chief Operating
    Officer of Crypto.com, Eric Anziani, highlighted Korea’s tech-savvy populace
    and its inclination towards embracing innovative technologies as key factors
    driving the decision to focus on the Korean market. Moreover, he emphasized
    Korea’s influence as a cultural powerhouse, indicating the exchange ‘s intention
    to support Korean creators and artists through strategic partnerships.

    Eric Anziani, Chief Operating Officer of Crypto.com, Source: LinkedIn

    “The first product we will be launching in Korea is the
    crypto.com app, which is our most popular product globally. It’s a fully mobile
    product offering a convenient and safe way to buy, sell and store digital
    assets, including non-fungible tokens, enabling Korean customers to access
    global prices in a regulated manner,” he commented.

    Patrick Yoon, the General Manager of Crypto.com’s Korean
    operations, emphasized the company’s dedication to catering to the unique
    demands of the Korean market. He stated that Crypto.com has been prioritizing
    localization efforts for the past two and a half years, ensuring that its
    services align with the preferences and regulatory requirements of Korean
    users.

    “Once our coin trading service is stabilized in the
    Korean market, we plan to ultimately advance into the Korean won-based trading
    market in the future,” Yoon added.

    Navigating Regulatory Landscape for Korean Market Entry

    Patrick Yoon, General Manager of Crypto.com, Korea, Source: LinkedIn

    One such regulatory requirement in Korea mandates
    cryptocurrency exchanges to establish partnerships with commercial banks to
    verify the real-name accounts of their customers. Yoon revealed ongoing
    discussions with local banks to secure potential partnerships for real-name
    account authentication.

    Presently, there are five won-based cryptocurrency exchanges
    authorized by Korean financial authorities, including UpBit, Bithumb, Coinone,
    Korbit, and GOPAX. By entering the Korean market, Crypto.com aims to provide
    users with an alternative trading platform while fostering healthy competition
    and innovation in the local cryptocurrency ecosystem.

    Crypto.com, a global cryptocurrency exchange, unveiled plans
    today (Tuesday) to introduce a specialized trading platform application
    designed exclusively for the Korean market. The application, tailored to cater
    to the preferences and needs of Korean users, is set to be launched on April
    29, 2024, offering trading between various cryptocurrencies.

    With this development, Crypto.com becomes the first
    international cryptocurrency exchange to venture into the Korean market,
    signaling its focus on expanding its global footprint. The Chief Operating
    Officer of Crypto.com, Eric Anziani, highlighted Korea’s tech-savvy populace
    and its inclination towards embracing innovative technologies as key factors
    driving the decision to focus on the Korean market. Moreover, he emphasized
    Korea’s influence as a cultural powerhouse, indicating the exchange ‘s intention
    to support Korean creators and artists through strategic partnerships.

    Eric Anziani, Chief Operating Officer of Crypto.com, Source: LinkedIn

    “The first product we will be launching in Korea is the
    crypto.com app, which is our most popular product globally. It’s a fully mobile
    product offering a convenient and safe way to buy, sell and store digital
    assets, including non-fungible tokens, enabling Korean customers to access
    global prices in a regulated manner,” he commented.

    Patrick Yoon, the General Manager of Crypto.com’s Korean
    operations, emphasized the company’s dedication to catering to the unique
    demands of the Korean market. He stated that Crypto.com has been prioritizing
    localization efforts for the past two and a half years, ensuring that its
    services align with the preferences and regulatory requirements of Korean
    users.

    “Once our coin trading service is stabilized in the
    Korean market, we plan to ultimately advance into the Korean won-based trading
    market in the future,” Yoon added.

    Navigating Regulatory Landscape for Korean Market Entry

    Patrick Yoon, General Manager of Crypto.com, Korea, Source: LinkedIn

    One such regulatory requirement in Korea mandates
    cryptocurrency exchanges to establish partnerships with commercial banks to
    verify the real-name accounts of their customers. Yoon revealed ongoing
    discussions with local banks to secure potential partnerships for real-name
    account authentication.

    Presently, there are five won-based cryptocurrency exchanges
    authorized by Korean financial authorities, including UpBit, Bithumb, Coinone,
    Korbit, and GOPAX. By entering the Korean market, Crypto.com aims to provide
    users with an alternative trading platform while fostering healthy competition
    and innovation in the local cryptocurrency ecosystem.



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  • Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase

    Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase

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    Starting today, Crypto.com Protocol (CRO) and SUKU (SUKU) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store CRO and SUKU in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. Please note that Coinbase only supports ERC-20 CRO running on the Ethereum blockchain.

    Crypto.com Chain (CRO) is an Ethereum token that powers Crypto.com Pay, a service that aims to allow users to pay for goods and services with cryptocurrency while receiving cashback rewards.

    SUKU (SUKU) is an Ethereum token that powers the SUKU Platform, a blockchain-based ecosystem that aims to make supply chains more transparent. SUKU tokens can be used for platform governance and to reward users and SUKU node operators. SUKU Platform is also developing applications for DeFi lending and NFT marketplaces.

    One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see CRO and SUKU), as well as a new section of the Coinbase website to answer common questions about crypto.

    Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store CRO and SUKU today.

    ###

    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    Crypto.com Protocol (CRO) and SUKU (SUKU) are launching on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • Crypto.com Protocol (CRO) is launching on Coinbase Pro

    Crypto.com Protocol (CRO) is launching on Coinbase Pro

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    Starting Today, Tuesday November 2, transfer CRO into your Coinbase Pro account ahead of trading. Support for CRO will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT) Wednesday November 3, if liquidity conditions are met. Please note that Coinbase only supports ERC-20 CRO running on the Ethereum blockchain.

    One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Kryll (KRL), LCX (LCX) SUKU (SUKU), OriginTrail (TRAC), Assemble Protocol (ASM), ARPA Chain (ARPA), Bounce (AUCTION), Perpetual Protocol (PERP), BadgerDAO (BADGER), Rarible (RARI), Function X (FX), Jasmy (JASMY), Wrapped Centrifuge (WCFG) and Avalanche (AVAX).

    Starting Today, Tuesday November 2, we will begin accepting inbound transfers of CRO to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Thursday October 28, if liquidity conditions are met.

    Once sufficient supply of CRO is established on the platform, trading on our CRO-USD CRO-USDT and CRO-EUR order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

    We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

    Crypto.com Chain (CRO) is an Ethereum token that powers Crypto.com Pay, a service that aims to allow users to pay for goods and services with cryptocurrency while receiving cashback rewards.

    CRO is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

    You can sign up for a Coinbase Pro account here to start trading. For more information on trading CRO on Coinbase Pro, visit our support page.

    ###
    Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
    This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

    All images provided herein are by Coinbase.

    Crypto.com Protocol (CRO) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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