Wallet app Crypto.com introduces new cost-efficient exchange
Crypto.com, a cryptocurrency wallet and payment application, today announced that its new proprietary Vortex Trading Engine is now live. It will offer users improved buy/sell prices within the wallet app.
As part of the new exchange feature, Crypto.com also announced it will be sunsetting its wallet cashback feature, as it would result in negative margins to the company. Yet, with the new trading engine features, Crypto.com users now have access to improved exchange pricing, regardless of whether they hold or stake MCO tokens.
The proprietary Vortex Trading Engine pools liquidity and routes orders to major exchanges to ensure the Best Execution Price. Being an institution, Crypto.com possesses preferential trading terms with exchanges and will pass on these savings to users.
In the near term, the Crypto.com team will next look to improve the functionality of the Crypto.com app by:
- Adding more fiat top-up channels
- Adding fiat withdrawal options
- Adding new trading pairs
