Transfers to Temporarily Pause For GEN 3.0 Exchange

Crypto.com will have a temporary downtime on November 1st.
The firm will switch to a new version called GEN 3.0.
This will improve the functionality and accessibility of all Exchange products.

According to their Twitter thread announcement, the Crypto.com platform will have a temporary downtime on the first date of November. This follows an upgrade that will happen on November 1st at 0:00 UTC. This upgrade will see Crypto.com switch to the new version, GEN 3.0.

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On the brighter side, the anticipated migration process will take around 6 to 8 hours. Spot, margin and derivatives trading will not be available throughout the outage. Existing orders will all be canceled, and no new ones will be taken.

Stepping into the future with the GEN 3.0 Crypto.com Exchange, everything merges into one unified and seamless experience. Spot and Derivatives Exchange will merge into the same `one exchange` engine. All a user need is a wallet to trade across all markets after the upgrade.

According to Crypto.com, the ‘one exchange-and-one wallet’ infrastructure will greatly improve the functionality and accessibility of all Exchange products. This will enable them to build more advanced tools at scale and speed. This also brings significant value and benefits for all levels of traders.

Prior to their post, the next-generation Crypto.com Exchange awaits, below are some merits a user could access on the platform.

Intuitive and smoother transfers and trading experiences
Access our full range of products from one wallet
One-click margin and cross-market collateral support
Smart cross-margin boosting capital efficiencies
Margin savings and lowered requirements
Flexible USD fiat deposits/withdrawals, and USD bundle trading pairs
Best-in-class performance and execution speed

Crypto.com believes the future belongs to those who see far beyond the now. Who sees opportunity, and who continues to build and innovate even during the toughest tides.

“We believe that thinking big is what it takes to give customers not just what they want today, but what they will truly need tomorrow as the digital economy continues to evolve,” Crypto.com added.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.