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According to ESPN, Crypto.com announce today that it will be closing part of its business, but it will not affect the naming rights of the Crypto.com Arena in LA! Crypto.com's institutional exchange in the United States will be shuttered, which will affects approx. 400 customers that make large crypto transactions on the platform. Crypto.com's main business, a retail app with more than 80 million users worldwide will remain the same.
In a statement, Crypto.com says,
"We remain fully confident in the continued success of our market differentiating capabilities and offerings and will continue to offer all other regulated services in the markets in which we operate,"