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Crypto.com Expands in the US with New Custody Service for Institutions
December 24, 2024 – In a significant move to strengthen its presence in North America, Crypto.com has announced the launch of a cryptocurrency custody service specifically designed for institutional investors and high-net-worth individuals in the United States. The new platform, dubbed Crypto.com Custody Trust Company, aims to capitalize on the growing demand for secure digital asset storage among US-based institutions.
According to an official statement, the newly introduced service will enable institutional clients to securely store, manage, and trade their cryptocurrency assets, while also providing access to a range of other essential services. The new platform is set to begin servicing US and Canadian customers in the coming weeks.
Crypto.com’s CEO, Kris Marszalek, emphasized the importance of North America as key markets for the company’s growth strategy. He noted that this expansion reflects Crypto.com’s confidence in the region and its commitment to providing institutional investors with a secure and reliable platform to manage their digital assets.
The launch of this custody service is part of Crypto.com’s broader plan to increase its presence in these markets. By offering a tailored solution for institutional clients, the company aims to tap into the growing demand for cryptocurrency storage and management services among US-based entities.
It remains to be seen how successful this new initiative will be; however, one thing is certain – it represents another significant step forward for Crypto.com’s ambitious plans to solidify its position in the rapidly evolving global cryptocurrency landscape.
Source: coinpedia.org
