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Crypto.com Expands in the US with New Custody Service for Institutions
Dec 24, 2024 – In a significant move to strengthen its foothold in the region, Crypto.com has introduced a cryptocurrency custody service specifically designed for institutions and high-net-worth individuals in the United States. The new service, Crypto.com Custody Trust Company, is aimed at providing secure storage options for digital assets held by US and Canadian customers.
According to reports, the company announced this development on December 23, highlighting its growing confidence in North America as a key market for its business. This expansion comes as part of Crypto.com’s broader plan to expand its presence globally and increase its institutional offerings.
“We are excited to announce our entry into the US market with the launch of our custody service,” said CEO Kris Marszalek. “This move demonstrates our commitment to providing a robust suite of products for institutions and high-net-worth individuals seeking secure digital asset management.”
The new platform is designed to cater specifically to institutional investors, family offices, and ultra-high net worth individuals who require advanced security measures for their digital assets. It will offer secure custody services, including storage, administration, and reporting.
As part of the launch, all US and Canadian customers’ digital assets will be transitioned to the new platform in the coming weeks. This move is seen as a strategic step by Crypto.com to solidify its position in the rapidly growing institutional cryptocurrency market in North America.
Crypto.com has been actively expanding its offerings to cater to the needs of institutions and individuals seeking secure crypto management solutions.
Source: coinpedia.org
