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Crypto.com has made a significant move by introducing a cryptocurrency custody service in the United States, further solidifying its presence in the region. The new platform, Crypto.com Custody Trust Company, is specifically designed to cater to institutional clients and high-net-worth individuals within the US market.
As per the recent announcement, it appears that digital assets held by both US and Canadian customers will be migrated to this new entity in a matter of weeks. This strategic decision marks a significant step towards strengthening its footprint in North America, as emphasized by CEO Kris Marszalek during the launch.
In his statement, Marszalek highlighted the importance of the US and Canada as key crypto markets, emphasizing the company’s confidence in these regions. It seems that this move is part of a broader plan to expand Crypto.com’s business and presence within these areas.
It will be interesting to see how this development impacts the overall market and the regulatory landscape surrounding institutional-grade cryptocurrency custody services in the US. Will other major players follow suit? Only time will tell.
Source: coinpedia.org
