Multi-Exchange Vortex Trading Engine for Crypto.com App Is Live for Users to Buy Bitcoin with No Fees
Crypto.com a cryptocurrency exchange and wallet announced on their official blog the launch of the Vortex Trading Engine.
The exchange engine is set to make trading cryptocurrencies cheaper removing the trading fees and mark ups on the platform. Furthermore, users on the platform can deposit, buy, trade, sell and withdraw cryptocurrencies at the best execution rates.
To ensure the orders are executed at the best rate, the Vortex Trading Engine will pool liquidity from the cryptocurrency exchanges and send the orders to them for execution. The engine further places the orders to achieve the best possible execution.
Having multiple exchanges to execute the orders makes trading more effective and spend lower fees that you normally would spend on one exchange. As an institutional player, we have preferential trading terms with all major exchanges and we pass on 100% of these savings to our users.
The post states that Crypto.com is looking forward to the addition of more fiat top up channels, withdrawal options and new crypto trading pairs to the exchange.
The Crypto.com cashback feature will be retiring to pave way for the Vortex Trading Engine. The report further read,
“Every single customer, regardless of whether they hold or stake MCO Tokens, now has access to the best possible pricing, in line with our vision to bring cryptocurrency to every wallet.”