Currency.com expands into the US, to operate in 48 states
Cryptocurrency exchange Currency.com is now available in nearly all the states in the United States.
Currency.com, a leading cryptocurrency exchange, has registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business. This latest development means that the exchange is now available to traders and investors in the United States.
The exchange said Currency.com US would launch in 48 states and territories across the US. The exchange would launch its services in New York and Hawaii over the coming months.
Steve Gregory, Chief Executive Officer, Currency.com US, pointed out that the company’s expansion into the United States represents a milestone moment in the growth of the crypto exchange. He added that;
“Evermore, 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.”
The expansion into the United States comes after a record-breaking year for Currency.com on the international stages. Currency.com’s global exchange saw overall trading activity surge by 445% in 2021, making it one of the fastest-growing cryptocurrency exchanges in the world.
In 2021, total trades executed on the crypto exchange increased by 409%. Currency.com US is set to come with a wide range of features, including a hosted crypto wallet, fiat-to-crypto payment gateways and a faster onboarding process.
The crypto exchange said its US clients would be among the first of its global client base to enjoy faster, simplified onboarding and execution. Gregory said;
“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.”
Finally, Currency.com US said it would start by offering a few cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Also, its clients in the US can access the exchange via its website, but Currency.com US will roll out its mobile-based application in the coming weeks.