Global Financial Services Company Strengthens Presence with New Cryptocurrency Custody Service Launch

Crypto.com has taken a significant step forward in its expansion plans by announcing the launch of a new cryptocurrency custody service specifically designed for institutions and high-net-worth individuals in the United States. The company, which is a well-established player in the digital asset space, aims to strengthen its presence in the region with this move.

The new entity, Crypto.com Custody Trust Company, has been set up to cater to the growing demand from institutional investors and high-net-worth individuals who are seeking a reliable and secure platform for storing their digital assets. As part of this initiative, existing US and Canadian clients will be transferred to the new platform in the coming weeks.

Kris Marszalek, the CEO of Crypto.com, has highlighted the importance of the US and Canada as key markets for the company’s growth strategy. He emphasized the confidence he has in these regions, stating that they are critical components of our broader plan to grow our business presence globally.

The introduction of this custody service is a significant milestone in Crypto.com’s expansion plans, particularly in the light of increasing regulatory scrutiny on cryptocurrency exchanges and custodians. The company’s commitment to providing a secure and trustworthy environment for institutions to invest and hold digital assets demonstrates its dedication to becoming a dominant force in the US market.

It remains to be seen how this move will impact the competition in the space, but one thing is certain: Crypto.com has demonstrated that it is serious about expanding its presence in North America.

Source: coinpedia.org