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Crypto.com Expands in the US with New Custody Service for Institutions
In a significant move to strengthen its foothold in the region, Crypto.com has announced the launch of a cryptocurrency custody service specifically designed for institutions and high-net-worth individuals in the United States. The new platform, named Crypto.com Custody Trust Company, aims to provide a secure and reliable storage solution for digital assets.
According to an official statement, the transition of existing US and Canadian customers to this platform is expected to take place over the coming weeks. This development marks another important milestone in Crypto.com’s broader plan to expand its presence in North America.
In his comments, CEO Kris Marszalek emphasized the significance of the US and Canada as key crypto markets, highlighting the company’s confidence in these regions. The move is seen as a strategic expansion step by Crypto.com, seeking to tap into the growing demand for secure digital asset storage solutions among institutional investors and high-net-worth individuals.
The new custody service is designed to cater to the specific needs of US-based institutions, offering a comprehensive range of features aimed at safeguarding their investments. As the digital asset market continues to grow rapidly, this development underscores Crypto.com’s commitment to providing innovative and secure services that meet the evolving needs of its clients.
It remains to be seen how effectively Crypto.com will capitalize on this opportunity, but for now, it appears they have made a bold move to further solidify their presence in one of the world’s largest crypto markets.
Source: coinpedia.org
