Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2021-12-01 20:36:41

Crypto.com acquires two exchanges from IG Group; tokens climb

Crypto financial services platform Crypto.com (CRO-USD) agrees to buy the North American Derivatives Exchange and the Small Exchange from London-based IG Group Holdings (OTCQX:IGGHY), the company says in a release. Meanwhile, Crypto.com's native digital token Crypto.com Coin (CRO-USD) gains 4.3% intra-day to $0.72 per token. The deal enables Crypto.com (CRO-USD) to provide its U.S.-based customers with the ability to trade certain derivatives and futures products. Both exchanges will fold under the Crypto.com brand. Nadex, an exchange for binary options, call spreads and Touch Bracket contracts, is part of the North American unit of IG Group (OTCQX:IGGHY). The Small Exchange is a retail trader-centric futures exchange, providing futures products. Crypto.com (CRO-USD) expects to close the acquisition of Nadex and the Small Exchange in the first half of next year. The move comes at a time when the company seeks to accelerate its brand awareness through naming-right deals.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.