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Crypto.com Launches Crypto Custody Trust Service for US and Canadian Institutions
In a significant move, Crypto.com has announced the launch of its Crypto Custody Trust Company, which will provide a secure and compliant solution for institutional investors in the United States and Canada.
The company made this announcement earlier today, stating that digital assets held by all Canadian and US customers will be transferred to the new custodian over the coming weeks. This development marks a crucial step towards providing a robust infrastructure for the cryptocurrency industry in North America.
As part of this initiative, Crypto.com aims to cater to the growing demand from institutional investors seeking reliable and secure custody solutions for their digital assets. By launching its own trust company, the platform seeks to strengthen its commitment to regulatory compliance and provide unparalleled security for its clients’ assets.
Notably, this move follows a recent meeting between Marszalek and President-elect Donald Trump at Mar-a-Lago, where they discussed potential policies affecting the cryptocurrency industry, Congress, and the incoming administration. The two parties also touched on the subject of Bitcoin reserves.
The company’s commitment to regulatory compliance is evident in its willingness to work closely with government agencies to develop clear regulations for the crypto industry. This approach mirrors the sentiments expressed by Marszalek during his meeting with Trump, where he emphasized the importance of collaborative efforts between the private sector and government to advance innovation and stability within the digital asset space.
By providing this custodial service, Crypto.com is poised to set a new standard for institutional investors seeking reliable crypto custody solutions. The move also underscores the company’s dedication to fostering a secure and compliant environment for its clients and the broader cryptocurrency market.
In conclusion, it is essential for investors to be aware that they should always do their own research before investing in any asset class.
Source: coinjournal.net
