US Market Expansion: Crypto.com Launches Institutional Cryptocurrency Custody Service

Crypto.com Expands in the US with New Custody Service for Institutions

December 24, 2024 – In a significant move, Crypto.com has announced the expansion of its services in the United States. The company is introducing a new cryptocurrency custody service specifically designed for institutional clients.

The newly launched Crypto.com Custody Trust Company is aimed at providing a secure and reliable solution for US institutions and high-net-worth individuals to manage their digital assets. As part of this initiative, existing customers from the US and Canada will be transitioned to this platform in the coming weeks.

In a statement, CEO Kris Marszalek emphasized the importance of the US and Canadian markets, highlighting Crypto.com’s confidence in these regions as key players in the global crypto landscape. The company’s decision to expand its services in the US underscores its commitment to strengthening its foothold in the North American market.

The introduction of this custody service is part of Crypto.com’s broader strategy to grow its presence and business in the region. This move positions the company favorably, enabling it to cater to the increasing demand for institutional-grade cryptocurrency custodial solutions.

Crypto.com Custody Trust Company will operate under the regulatory oversight of the relevant US authorities, ensuring compliance with local regulations and providing an added layer of security and transparency to its clients.

The announcement comes at a time when institutions are increasingly seeking reliable and secure ways to manage their digital assets. As interest in cryptocurrencies continues to grow, this move by Crypto.com is expected to play a significant role in the company’s growth strategy.

About the author: Mustafa Mulla

Source: coinpedia.org