Crypto.com Enhances Blockchain Connectivity with Polkadot’s Asset Hub Integration
Crypto.com has expanded its blockchain connectivity by enabling USDT and USDC deposits and withdrawals through Polkadot’s Asset Hub. The Asset Hub, a core component of Polkadot’s ecosystem upgrade, serves as an experimental platform for cross-chain liquidity and decentralized asset management. This development marks another milestone in the network’s evolution, following its migration from older Layer 0 metaprotocols earlier this month.
Strengthening the Polkadot Ecosystem
Crypto.com’s integration follows Binance’s recent support for Polkadot and Kusama after their migration. On the Asset Hub, assets are categorized as either “sufficient” or “non-sufficient” based on whether they require maintaining a small native token balance.
On Polkadot, this balance threshold is 0.01 DOT, whereas on Kusama, it is 0.000003333 KSM. USDT and USDC have been introduced as the first sufficient assets, meaning they do not require a native token balance to transfer.
Other supported tokens include ETH, wrapped Ether, Kusama’s native KSM, and cross-chain assets bridged through Snowbridge and Polkadot <> Kusama connections.
Polkadot has reminded users to verify asset authenticity before transacting, as anyone can issue tokens with similar names.
Expanding Presence in Brazil and South Korea
Beyond blockchain upgrades, Crypto.com is broadening its market reach. In Brazil, it has partnered with SpiderTrader, a retail trading platform that serves thousands of local users, making it Crypto.com’s first fully integrated broker in the country. This collaboration grants SpiderTrader’s users direct access to Crypto.com’s trading engine.
According to Exchange Director Karl Turner, this initiative aligns with the company’s strategy of partnering with trusted regional platforms in key adoption markets like Latin America.
In South Korea, Crypto.com signed a Memorandum of Understanding (MoU) with fintech firm Travel Wallet, which has over eight million users. The agreement plans for both companies to launch a co-branded prepaid card supporting both crypto and fiat payments. Additionally, Crypto.com’s “crypto-as-a-service” technology will be integrated into the Travel Wallet app.
Travel Wallet’s KRW-backed stablecoin will also be jointly promoted to enhance cross-border transactions. CEO Kim Hyung-woo stated that the goal is to create “a unified payment ecosystem linking digital and traditional currencies.”
Looking Ahead: APEC CEO Summit Korea 2025
Crypto.com’s next major engagement will be at the APEC CEO Summit Korea 2025, where it will participate as an official partner. The event, scheduled for October 28-31 in Gyeongju, will gather global leaders to discuss AI, fintech, and digital innovation.
By linking Polkadot’s interoperability with regional fintech networks, Crypto.com continues to solidify its role as a global bridge between traditional finance and decentralized technology.
Disclaimer
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
About the Author
Alex is a reporter at Coindoo and an experienced financial journalist and cryptocurrency enthusiast. With over eight years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear understanding of the latest developments and trends in the market. Alex’s approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
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