Crypto.com is rolling out GEN 3.0 for its Exchange, moving to a one-exchange-and-one-wallet infrastructure that the company says will streamline cryptocurrency trading and enable faster tool development.
Under the one-wallet model, users will no longer need to transfer assets between Spot, Margin and Derivatives wallets; eligible customers can enable one-click Margin trading and view collateral levels directly in the trading UI.
Margin and Derivatives traders will gain multi-collateral support, with up to 89 Spot assets accepted as collateral and lower margin requirements under a smart cross-margin policy, although access remains subject to jurisdictional restrictions. "The future of crypto trading is here, with a seamless trading experience and much more," the company said in an announcement.
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The upgrade also introduces a USD Bundle that combines BUSD, TUSD, USDC and direct USD fiat deposits into a single wallet balance; users can deposit BUSD, TUSD and USDC, withdraw any constituent stablecoin at a 1:1 ratio with no conversion fees, and trade pairs converted to /USD after the upgrade.
The cross-margin policy offsets opposite-direction positions, potentially reducing margin requirements by up to 50% and automatically applying existing collateral to lower leverage and interest costs.
Crypto.com says GEN 3.0 will deliver further latency reductions and that the Exchange is expected to go live soon; the upgrade will require approximately 6 to 8 hours of downtime and the company will notify users again as the launch approaches.
The recap
Crypto.com upgrades its Exchange to GEN 3.0 infrastructure.
Margin collateral now supports up to 89 Spot assets.
Upgrade will cause approximately 6 to 8 hours downtime.
