As you may know Crypto.com is one of the world's largest crypto exchanges, and one of the most used ones since they are linked to Crypto.com app.

However, according to Financial Times (FT), Crypto.com Exchange would use an internal trading team:

Crypto.com, the exchange endorsed by Hollywood actor Matt Damon, deploys internal teams to trade tokens for profit, the latest sign of potential conflicts of interest in the digital assets industry.

Crypto.com has defended their trading team, arguing that it is used to provide liquidity and to protect users from market volatility. The exchange has also said that the team is subject to strict compliance and risk management procedures.

My deep thoughts on this hot topic

I think it's important for crypto exchanges to be transparent about how they operate. I also think it's important for exchanges to have safeguards in place to protect users from market manipulation.

I am not sure if Crypto.com's trading team is a good or bad thing. However, I think this article has raised important questions that need to be answered more clearly than what has been done so far.

I hope that exchanges like Crypto.com, Binance or KuCoin will be more transparent about how they operate in the future. I also hope that exchanges will take steps to protect users from market manipulation.

What do you think?

Do you think Crypto.com's trading team is a good or bad thing? Let me know in the comments below.