{"id":374378,"date":"2021-11-30T16:30:49","date_gmt":"2021-11-30T13:30:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-com-and-silvergate-enable-institutions-to-buy-and-sell-crypto-with-usd\/"},"modified":"2021-11-30T16:30:49","modified_gmt":"2021-11-30T13:30:49","slug":"crypto-com-and-silvergate-enable-institutions-to-buy-and-sell-crypto-with-usd","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-com-and-silvergate-enable-institutions-to-buy-and-sell-crypto-with-usd\/","title":{"rendered":"# Crypto.com and Silvergate enable institutions to buy and sell crypto with USD"},"content":{"rendered":"<p>&#8220;<strong># Crypto.com and Silvergate enable institutions to buy and sell crypto with USD <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZTcwOTZhZTUtMTBiOS00MGU2LWFhYzgtYzJjZTUxMTI3MjZkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Major cryptocurrency exchange Crypto.com continues expanding its crypto on-ramp and off-ramp solutions with a new partnership with the California state-chartered bank Silvergate.<\/p>\n<p>Crypto.com announced on Nov. 30 that it is working with Silvergate to allow institutional clients to deposit and withdraw from the exchange using the U.S. dollar (USD).<\/p>\n<p>According to the announcement, bank transfers to and from the Crypto.com exchange are now available for institutional investors. With the help of Silvergate, institutional clients can transfer USD between their bank accounts and Crypto.com with no fees.<\/p>\n<p>The new feature is enabled through the Silvergate Exchange Network, a payments platform enabling users to instantly send U.S. dollars at any time of the day. The feature will be available to institutional clients in all exchange available markets, the announcement notes.<\/p>\n<p>Crypto.com co-founder and CEO Kris Marszalek said that the new feature is \u201chighly requested\u201d and supports the company\u2019s vision of accelerating the world\u2019s transition to cryptocurrency. \u201cWe are excited to work with Silvergate to provide an additional fiat on\/off ramp solution to our institutional clients,\u201d he added.<\/p>\n<p>As previously reported, Crypto.com has been working with the USD Coin (USDC) stablecoin issuer Circle to provide USD deposits and withdrawals on its platform.<\/p>\n<p>Crypto.com launched withdrawals through USD bank transfers for institutional clients across more than 60 countries via Circle API in August. The exchange previously partnered with Circle to enable USD deposits and USDC transfers for users in more than 30 countries.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Silvergate Bank issues $100M credit line to mining firm Marathon Digital<\/em><\/strong><\/p>\n<p>Silvergate is a crypto-focused bank known as the issuer of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>\u2019s not-yet-launched digital currency\u00a0Diem USD and the manager of its reserve. The bank also assisted the launch of El Salvador\u2019s government-backed Bitcoin (BTC) wallet Chivo, acting as a responsible entity for facilitating Chivo\u2019s U.S. dollar transactions.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-com-and-silvergate-enable-institutions-to-buy-and-sell-crypto-with-usd\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto.com and Silvergate enable institutions to buy and sell crypto with USD &#8221; Major cryptocurrency exchange Crypto.com continues expanding its crypto on-ramp and off-ramp solutions with a new partnership with the California state-chartered bank Silvergate. Crypto.com announced on Nov. 30 that it is working with Silvergate to allow institutional clients to deposit and withdraw&#8230;<\/p>\n","protected":false},"author":1,"featured_media":374379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZTcwOTZhZTUtMTBiOS00MGU2LWFhYzgtYzJjZTUxMTI3MjZkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74860,76153,75582,80064,117],"class_list":["post-374378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-dollar","tag-fiat-money","tag-partnership","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/374378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=374378"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/374378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/374379"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=374378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=374378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=374378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}