Crypto.com launches US attitude service for institutions
Crypto.com has started an institutional custody service for cryptocurrencies in the United States as part of a more comprehensive plan to expand its presence in the country, as the crypto exchange announced on December 23.
Under the name Crypto.com Custody Trust Company, the trust company can keep assets for US institutions and wealthy private individuals, so Crypto.com.
The digital assets of the US and Canadian customers of Crypto.com will be migrated to Crypto.com Custody Trust Company in the coming weeks, “said the stock exchange.
“This step reflects our confidence in the North American market,” said Kris Marszalek, CEO of Crypto.com, in an explanation.
It also promotes Crypto.com's plan to “expand our business and our presence in two of the most important and most active cryptoma markets in the world – namely the USA and Canada -” said Marszalek.
Regulated crypto company. Source: Nydfs
US-Expansion geplant
In December, the designated US President Donald Trump met Marszalek in Trump's house in Mar-A-Lago to talk about cryptopolitics.
On the same day, Crypto.com withdrew his lawsuit against the US stock exchange supervisory authority and stated that he wanted to work with the new government on a regulatory framework for the industry “.
Trump explained that he wanted to make the USA the “crypto capital of the world”, and he selects leading representatives of the industry for the management of important regulatory authorities if he headed as president in January.
Crypto.com has its headquarters in Singapore and started in the United States in 2022, initially only for institutional investors. Crypto.com announced cointelegraph that the stock exchange in the USA was not yet live, but the app was never suspended in the country.
In October took over Crypto.com Watchdog Capital, a broker dealer registered at the SEC to expand its presence in the USA.
Regulated storage
In the United States there are more and more regulated storage from digital assets. In September Started Bitgo, an American crypto custodian, a regulated platform for the custody and management of native tokens for web3 protocols.
In August, CoinTelegraph reported that Fireblocks, which is primarily known for its self-disassembled treasury management products, from the New York financial supervisory authority received the approvalTo keep assets for US customers.
Other institutional crypto companies – including Coinbase Custody Trust, Fidelity Digital Asset Services and Anchorage Digital NY – also have such a license.
