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information Crypto.com to Close US Institutional Service Amid SEC's Crypto Crackdown

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Cryptocurrency exchange Crypto.com said Friday that it will wind down its institutional service for American clients on June 21.

The Singapore-based digital asset platform added that it made the decision due to "limited demand from institutions in the U.S. in the current market landscape."

Institutional investors are large, accredited customers with more money to invest than typical retail clients. Only companies can use Crypto.com’s institutional service.

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