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"While we do have some market making activity, for example, we have internal market makers for our CFTC-regulated product Up/Downs in the United States," Crypto.com said in its email to Decrypt. "This market making activity is a regulated practice, as long as there is a level playing field, i.e. all market makers have to follow the same ruleset, that assures market fairness & integrity." Guide: How To Close A Crypto.com Account "The federal banking regulators have now said, consistently across the board, that 'We think it's questionable whether crypto activities in the cryptocurrency space are safe and sound for banks,'" said James Stevens, co-leader of the Financial Services Industry Group at Troutman Pepper. "'We're not saying never, we're not saying impossible, but we're saying it's a very, very high bar.'"

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