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Crypto.com Expands in the US with New Custody Service for Institutions
In a significant move aimed at strengthening its presence in North America, Crypto.com has announced the launch of a cryptocurrency custody service tailored specifically to institutional investors. The new offering, called Crypto.com Custody Trust Company, is designed to cater to the growing demand from US-based institutions and high-net-worth individuals seeking secure storage solutions for their digital assets.
As part of this expansion effort, existing accounts held by US and Canadian customers will be transitioned to the newly established platform over the coming weeks. According to CEO Kris Marszalek, this development underscores Crypto.com’s confidence in the potential of North America as a key hub for the cryptocurrency market.
The introduction of this custody service is part of Crypto.com’s broader strategy to increase its footprint and influence within the US and Canada. By providing institutions with a secure and reliable means of managing their digital assets, Crypto.com aims to establish itself as a trusted partner for institutional investors seeking robust solutions in an increasingly complex regulatory landscape.
While the specifics of the new service have not been disclosed, it is likely that Crypto.com will be leveraging its existing expertise in securing transactions and maintaining regulatory compliance. By doing so, the company seeks to address the growing concerns around security, transparency, and regulatory requirements faced by institutional investors operating within the US market.
This development marks a significant milestone for Crypto.com as it continues to expand its global reach and solidify its position as a major player in the cryptocurrency space.
Source: coinpedia.org
