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Crypto.com Expands in the US with New Custody Service for Institutions

Decentralized finance (DeFi) and cryptocurrency services company Crypto.com has made a significant move by introducing a new custody service specifically designed for institutions and high-net-worth individuals in the United States. This development marks a major expansion of the platform’s presence in the region, further solidifying its commitment to strengthening its foothold in North America.

The newly launched service, Crypto.com Custody Trust Company, is poised to cater to institutional investors, such as family offices, hedge funds, and registered investment advisors, offering them secure and compliant custody solutions for their digital assets. The platform has stated that the transition of existing US and Canadian clients will take place in the coming weeks.

In a statement, Crypto.com’s CEO Kris Marszalek emphasized the company’s confidence in North America as key markets, highlighting the importance of this region to its broader business strategy. This move is part of a larger plan to grow the company’s presence in the US and Canada.

The introduction of this service aims to cater to the growing demand for institutional-grade custody solutions within the cryptoasset space. The offering will provide users with peace of mind, ensuring their digital assets are safeguarded and secure under strict regulatory compliance.

Crypto.com’s expansion into the US market is a testament to its commitment to providing cutting-edge financial services to the global community. With this new custody service, institutions can now leverage the platform’s expertise in securing their digital assets, further cementing Crypto.com’s position as a leading player in the DeFi and cryptocurrency ecosystem.

About the Author:

Mustafa Mulla has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Source: coinpedia.org