In this highly rapid crypto world, the exchange firms are making moves to watch for. The updates of exchanges taking up new tasks just don’t come to rest. Recently, a crypto exchange and wallet provider Crypto.com announced the launch of its own trading engine.
Announced by Crypto.com, Vortex Trading Engine is an exchange engine which is designed to provide crypto trading service at a cheaper cost. In the trading service, it will cut the trading fees and remove markups on the platform. Using Vortex Trading Engine, one can deposit, buy, trade, sell and withdraw crypto asset at the best execution rates. The Vortex Trading Engine, which is now live, operates as a multi-exchange trading platform. It gathers liquidity from major exchanges across the world, then it routes the orders to them attaining the best possible execution.
Notably, the firm behind Vortex Trading Engine, Crypto.com is getting its share of attention as it has accelerated in its functions. The firm was established in 2017. Since its foundation, the crypto app has engaged many crypto believers on its platform. Along with Vortex Trading Engine, Crypto.com has also rolled out it’s CRO token.
Getting multiple exchanges under one roof makes this new trading engine more cost-efficient as compared to the individual exchanges. The firm also intends to execute more business plans such as the inclusion of more fiat top-up channels, withdrawal alternatives and new crypto trading pairs on the platform. The company announced that it is looking forward to enable the cashback feature on Vortex Trading Engine for its users. The firm stated,
“Every single customer, regardless of whether they hold or stake MCO Tokens, now has access to the best possible pricing, in line with our vision to bring cryptocurrency to every wallet.”
Apart from that, Crypto.com has collaborated with Ledger, the developers of hardware wallets Ledger Nano S. It is expected that Ledger’s online store will feature Crypto.com Pay under the partnership. When Crypto.com Pay will be available on Ledger’s store, customers would be able to buy Ledger products at checkout using their cryptos safely and smoothly. Another partnership of Crypto.com is with YSNEAKERS, a custom luxury sneaker brand, to implement Crypto.com Pay on YSNEAKERS’s platform.