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Crypto.com has announced the expansion of its operations in the United States by introducing a cryptocurrency custody service specifically designed for institutions and high-net-worth individuals. This move is seen as a significant step forward in establishing a strong foothold in the region.
The new service, Crypto.com Custody Trust Company, will be responsible for securely storing digital assets from US and Canadian customers who are transitioning to this platform over the coming weeks. According to CEO Kris Marszalek, this development showcases the company’s unwavering confidence in North America as a key player in the global cryptocurrency market.
As part of its broader strategy to strengthen its presence in the region, Crypto.com is poised to capitalize on the growing demand for institutional-grade crypto custody services. By providing a secure and reliable platform for institutions and high-net-worth individuals to store their digital assets, the company aims to solidify its position as a leading player in the US market.
It remains to be seen how this development will impact the broader cryptocurrency landscape in North America. However, one thing is clear – Crypto.com’s expansion into the US market has sent shockwaves throughout the industry, and it will be interesting to see how other players react to this significant move.
Stay tuned for further updates on this developing story as more information becomes available.
Source: coinpedia.org
