The renowned cryptocurrency exchange forum Crypto.com has entered into a partnership agreement with Circle, an international Fintech corporation, to allow deposits in USD at Crypto.com. Crypto.com has a client base that exceeds ten million, and it supports more than a hundred cryptocurrencies at their true costs. According to CRO price prediction, trading in Bitcoin and Ethereum at Crypto.com may break profitable as the price of the two tokens has increased by 0.56% and 7.02%, respectively. Circle is the main developer of the USD Coin (USDC). The fintech company helps developers and business organizations harness USDC’s power in enabling payments at online businesses worldwide. The primary objective of the partnership between Crypto.com and Circle is to eliminate the barrier to wire transferring fiat currency into and out of cryptocurrency exchange platforms.
As per our Crypto.com review, the registered users of Crypto.com will now be able to conduct transactions in USD directly from their bank accounts and accept funds in the form of USD Coin at the ratio of 1:1. The exchange forum is also working on enabling the users to withdraw funds directly to their accounts in USD.
Now that Crypto.com has joined hands with Circle, it has become convenient for the users to transfer USD to the exchange forum from their bank accounts and accept funds in USD Coin. At present, the cryptocurrency exchange platform supports transactions in more than 50 trading pairs of USDC, including DOT, LINK, ETH, and more. This new feature of USD deposits is available for users of more than 30 countries across the world.
The whole process of wire transferring funds to Circle and receiving USDC at a conversion rate of 1:1 shall take three business days for completion.