Autor: dot-traders

In a tweet released by Crypto.com today, the cryptocurrency exchange company announced that it will be adding Google Pay and Apple Pay support for Crypto.com Visa Card users in Canada.

Crypto.com users in Canada who use the Crypto.com Visa Card will now be able to link their cards to Apple Pay and Google Pay. All that is required is for a user to add their Crypto.com Visa card details to his or her Apple Pay wallet or Google Pay. The service will also be available to iOS users who use Apple watches.

Although the services are currently limited to Canadian users only, the Crypto.com community are optimistic that the services will soon be available for users in other parts of the world as well.

Crypto.com has been on a wild expansion lately and it has acquired regulatory approvals in several countries with the latest being securing approval as a crypto asset business from UK’s FCA on August 17, 2022.

About Crypto.com

Crypto.com is a Singaporean-based cryptocurrency exchange company. Besides operating a crypto exchange platform, Crypto.com also has an official cryptocurrency known as Cronos (CRO).

Crypto.com currently have a customer base of over 50 million across the world and it offers a variety of products and cryptocurrency-based financial services that include the Crypto.com app, the Crypto.com Exchange, the Crypto.com DeFi wallet, and the Crypto.com NFT.

The Crypto.com app allows users to buy and sell cryptocurrencies while the Crypto.com Exchange is designed for institutional traders. The Crypto.com DeFi wallet is a non-custodial wallet that allows users to hold and stake crypto assets.

The Crypto.com NFT is an NFT marketplace that allows users to collect and trade NFTs.

The post Crypto.com adds Google pay and Apple Pay support for its card users in Canada appeared first on CoinJournal.

In September, the world’s second-largest stock exchange Nasdaq announced that it will offer custody services for Bitcoin (BTC) and Ether (ETH) to institutional investors. Nasdaq hired Ira Auerbach, a former Gemini employee, to head the new Nasdaq Digital Assets unit.

The main reason the new Nasdaq Digital Assets Unit was targeted toward institutional investors is the remarkable growth in crypto adoption among this class of investors in the past few years. While investing in cryptocurrencies is one thing, safeguarding the accumulated crypto holdings is another and company-owned crypto funds require special handling thus the need for custodial services.

While many crypto exchanges already offer crypto custody services for institutional investors, many believe the institutional investors’ space is largely neglected and Nasdaq is not late for the party.

No plans for a Nasdaq crypto platform yet

Despite Nasdaq jumping into the crypto space with the crypto custody services, the company’s executive vice president and head of North American markets, Tal Cohen, said that the company shall wait for further clarity in crypto regulations and global crypto adoption before it decides on whether to launch a crypto platform.

Speaking to Bloomberg TV, Cohen said:

“Those are discussions we are happy to have. But right now, on the retail side, the market is fairly saturated. There’s a number of exchanges servicing the retail customer base.”

Nasdaq instead plans to stick to its crypto custody services citing massive demand and opportunity from customers.

Cohen said:

“We think if you can safe-keep peoples’ assets, they’ll trust you to do everything else afterwards.”

Cohen also said that besides the custody services, the stock exchange was working on facilitating the transfer of digital assets.

The post Nasdaq focused on crypto custody services but no plans for crypto platform yet appeared first on CoinJournal.