Crypto.com Strengthens Presence in North America with New Cryptocurrency Custody Service

Crypto.com has announced a significant expansion into the United States market by introducing a new cryptocurrency custody service designed specifically for institutional investors and high-net-worth individuals. This move is aimed at strengthening its presence in North America, which the company views as a crucial aspect of its growth strategy.

The newly launched Crypto.com Custody Trust Company will be responsible for securely storing and managing digital assets belonging to US and Canadian customers. The transition of existing US and Canadian customer accounts to this new platform is expected to take place in the coming weeks.

In an official statement, CEO Kris Marszalek emphasized the importance of North America as a key market for the company’s future growth prospects. This strategic move is seen as a testament to Crypto.com’s confidence in the region and its commitment to providing innovative solutions tailored to the needs of institutional investors.

The introduction of this new custody service highlights Crypto.com’s commitment to expanding its offerings in the US market, which is already witnessing significant interest from mainstream financial institutions and individual investors alike.

Source: coinpedia.org