New Crypto Custody Trust Service Launched by Crypto.com for US and Canadian Institutions

Crypto.com Launches Crypto Custody Trust Service for US and Canadian Institutions

In a recent statement, Crypto.com announced its expansion into the institutional market by launching a crypto custody trust service specifically designed for US and Canadian financial institutions. The move comes as a significant step forward in providing a comprehensive suite of services to cater to the growing demand from institutional investors seeking reliable and secure custodial solutions.

According to the statement, all digital assets held by Crypto.com’s Canadian and US customers will be transferred to its new custody trust service, Crypto.com Custody Trust Company. The company believes that this move is essential in meeting the evolving needs of institutional investors seeking a trusted partner for managing their digital asset portfolios.

This development comes at a time when the cryptocurrency market has been experiencing significant growth, with more and more institutions looking to diversify their investment portfolios by incorporating cryptocurrencies into their holdings.

Crypto.com’s decision to expand its custody offerings is reflective of the growing demand from institutional investors for reliable and secure custodial solutions.

Source: coinjournal.net