Key Takeaways
- Crypto.com Exchange has become the first exchange to go live on Lynq.
- The integration facilitates 24/7 collateral movement for institutional clients, enhancing operational efficiency.
Crypto.com has integrated with Lynq, allowing clients to post collateral through Lynq’s real-time, interest-bearing settlement network, according to a Wednesday announcement.
The integration offers institutional clients of Crypto.com Exchange seamless funding of accounts, enhancing liquidity management and trading efficiency. Early adopters like Aquanow, DV Chain, GSR, Nonco, and Wintermute immediately utilized this service.
Lynq CEO Jerald David said in a statement that the launch underscores the importance of exchange connectivity for delivering efficient, institutional-grade settlement, noting that several major trading firms adopted the integration on day one.
According to Crypto.com director Karl Turner, the Lynq integration delivers meaningful improvements for institutional users by streamlining exchange funding and enabling more efficient on-chain settlement.
The platform aligns with other US Dollar options for institutional exchanges, including Fedwire, SWIFT, and CUBIX, streamlining and improving the security of transaction processes.
Source: https://cryptobriefing.com/crypto-com-integrates-lynq-institutional-revolution/
