Financial Times

Trading teams at Crypto.com exchange raise conflict questions

Crypto.com, one of the top-10 crypto marketplaces in the world, operates proprietary trading and market making teams, raising conflict questions in the digital assets industry.

Crypto.com operates proprietary trading and market making teams to trade tokens for profit.
US regulators have begun clamping down on similar activities at other digital asset exchanges.
The existence of internal traders at Crypto.com has not been widely known since the company launched in 2016.
The company claims that most of its revenues come from its app for retail traders.
Crypto.com is a private company and publishes accounts in various countries, including Malta, which do not show revenue by business line.

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