JERSEY CITY, NJ / ACCESSWIRE / April 21, 2022 / Currency.com, the high-growth global crypto exchange helping everyone connect with the booming world of cryptocurrencies, has today announced it has expanded into the US.
Currency.com US, registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business, will enable US residents to buy, store and invest in top-traded cryptocurrencies. Currency.com US will launch in 48 states and territories across the US. Clients in New York and Hawaii will be able to access the exchange in the coming months.
“Our expansion into the United States represents a milestone moment in the growth of Currency.com as we introduce our simplified, intuitive web-based platform to one of the world’s most mature cryptocurrency markets,” said Steve Gregory, Chief Executive Officer, Currency.com, US.
Currency.com’s foray into the US follows a strong growth across its global business. In 2021, Currency.com’s global exchange saw overall trading activity increase by 445% from a year earlier. Over the same period, total trades executed on the crypto exchange climbed by 409%.
“Ever more people are taking more than a passing interest in cryptocurrencies. As a platform authorised and licensed to provide distributed ledger technology services, Currency.com is well placed to support investors in their journey. Our strong growth put us on track to expand into new markets, diversify the range of products and solutions we offer our clients, and work in close concert with regulators and trade organisations to ensure we continue to provide a secure environment for our clients to buy, sell and trade cryptocurrencies,” added Gregory.
Simplified onboarding
Currency.com US is fitted with a hosted crypto wallet, fiat-to-crypto payment gateways and a faster onboarding process. Currency.com’s US clients will be among the first of its global client base to benefit from faster, simplified onboarding and execution. Currency.com US will use proprietary machine learning technology to score and assess the risk profile of its clients quickly while remaining within strict regulatory parameters. This will significantly streamline the typical onboarding journey.
“Lengthy turnaround times and cumbersome registration processes are some of the main sources of frustration for online investors. With Currency.com’s new simplified onboarding, a process that usually takes our competitors a couple of days, will take us just a matter of minutes, if not seconds” said Gregory.
