Currency.com To Begin Offering Services in the US

Key Insights:

• Currency.com’s foray into America has been announced today.
• The exchange has already registered with FinCEN.
• Currency.com US will also provide clients with fiat-to-crypto capabilities and a crypto wallet with fiat support.

In a Press Release, the budding cryptocurrency exchange Currency.com announced that it has expanded into the United States of America.

Through this, the quickly growing exchange will be tapping a whole new region of clients and, at the same time, providing them with faster, simplified onboarding and execution.

Currency.com Brings Cryptocurrency to the States

Having already registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business, the exchange can now provide the services of buying, storing, and investing in cryptocurrencies to 48 states and territories.

The only states that will not be able to access these services immediately are New York and Hawaii, which as per the exchange, will be receiving them in the coming months.

Calling the US “one of the world’s most mature cryptocurrency markets,” Currency.com will be ensuring that through the simplified onboarding process, the exchange will be able to draw new investors towards it and away from other exchanges.

Currency.com US will already have a hosted crypto wallet and fiat-to-crypto payment gateway. This way, US clients will be the first in the world to benefit from this faster onboarding and execution.

Throughout 2021, the exchange noted a 445% rise in the overall trading activity on the global exchange, and Currency.com hopes that its US arm will also grow at this pace.

Commenting on the launch, the Chief Executive Officer of Currency.com US, Steve Gregory, stated,

“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.”

The Self-Hosted Wallet

Building on their vision of simplifying the process of trading and investing in cryptocurrencies, the exchange is also providing users a crypto wallet with fiat support and fiat to crypto gateway.

This way, by connecting to their bank accounts or cards, users can easily buy and sell crypto while also storing them as per their choice.

The exchange will launch with Bitcoin and other major cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash. And over time, other altcoins will also be listed on Currency.com.