I didn’t realize the institutional service was separate from their app but the app side is staying.

From another article about this: https://sports.yahoo.com/lakers-wont-have-to-change-arena-name-as-cryptocom-shuts-down-part-of-business-215153864.html

The company’s institutional exchange service will be shuttered within two weeks, per blockworks.co. Roughly 400 customers will be affected by the change. Crypto.com’s larger service, its app, will remain active and will continue to serve customers. The app includes a much larger portion of Crypto.com’s customer base.