Crypto.com Enters US Market with Trust Company Launch
Crypto.com announced this week the establishment of a new trust company in the United States, marking a major step in its North American expansion efforts.
The new entity, called Crypto.com Custody Trust Company, provides digital asset custody services to high-income individuals and qualified institutions in the United States and Canada.
Major expansion in North America
Crypto.com is a Singapore Cryptocurrency Exchange Providing a variety of financial services, including trading, exchanges, NFT marketand crypto payments. After successfully obtaining licenses in multiple jurisdictions around the world, Crypto.com has achieved an important milestone by establishing a trust company in the United States.
“Establishing a U.S. trust company is the latest major step in our product roadmap to build a presence and presence in two of the world’s most important and active cryptocurrency markets: the United States and Canada. This move reflects our We are confident in the North American market and we look forward to continuing to enhance and innovate for our customers in the market.” explain Kris Marszalek, co-founder and CEO of Crypto.com.
The platform will migrate U.S. and Canadian customers’ digital assets to the new custody platform in the coming weeks, ensuring uninterrupted access to accounts and funds throughout the transition.
Earlier this month, Crypto.com CEO Kris Marszalek Meet President-elect Donald Trump at his luxury Mar-a-Lago resort in Palm Beach. In the meantime, Crypto.com dropped its lawsuit filed with the SEC in October after receiving notice. wells notice send a signal upcoming enforcement actions.
In the spirit of cooperation, Crypto.com representatives said they have withdrawn the lawsuit and will work with the incoming administration to establish a regulatory framework for the cryptocurrency industry.
Crypto.com has a positive year
Despite regulatory hurdles, Crypto.com has managed to expand its global reach this year. In October, it entered the U.S. market by acquiring SEC-registered broker-dealer Watchdog Capital.
In August, Crypto.com became the first cryptocurrency Sponsor of the famous UEFA Champions League. This marks a major milestone in sports branding through stadium activations, broadcast integration and global events.
Last year, the platform Obtain regulatory approval Last year, the UK’s Financial Conduct Authority (FCA) granted it Electronic Money Institution (EMI) status.
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