Hong Kong blockchain company Crypto.com announced the imminent launch of its own cryptocurrency exchange in order to retain existing customers of the platform.
According to the CEO Crypto.com Kris Marszalek, the company has already solved the problem of attracting users. Now its goal is to create an ecosystem in which users of the platform will be willing to stay.
“We already have more than 1 million users on a secure platform and a mechanism for attracting customers. Adding the full functionality of the exchange meets the needs of existing customers and will keep them in our ecosystem,” he said.
Initially, the exchange will support nine crypto assets, including BTC, ETH, XRP, EOS and its own tokens Crypto.com CRO. Speaking about the increased competition in the market of cryptocurrency exchanges, Marsalek noted:
“Only full-fledged players in the ecosystem will be able to thrive in the long term. Small players will not be able to compete and will eventually close down.”
In mid-summer, the operator of the most famous blockchain browser and online wallet, the Blockchain company, also announced the launch of its own cryptocurrency exchange.