US-Based Institutions Gain Secure Cryptocurrency Custody Options with Launch of Crypto.com Service

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

In a significant move, Crypto.com has announced the launch of its cryptocurrency custody service for institutions and high-net-worth individuals in the United States. This development marks a major expansion of the company’s operations in the region.

The new service, Crypto.com Custody Trust Company, is specifically designed to cater to the needs of US-based institutions and high-net-worth individuals who require secure and reliable storage solutions for their digital assets. The platform will provide institutional-grade custody services, ensuring that these clients’ investments are protected from potential risks and threats.

As announced on December 23, Crypto.com has initiated the process of transitioning existing US and Canadian customer accounts to this new platform in the coming weeks. This move underscores the company’s commitment to its North American presence, emphasizing the critical importance of the US and Canada as key crypto markets.

In a statement, CEO Kris Marszalek highlighted the significance of this expansion, stressing the company’s confidence in these regions and their potential for growth and development. He emphasized that this initiative is a crucial component of Crypto.com’s broader plan to strengthen its presence and build on existing relationships within these markets.

The introduction of this new custody service further solidifies Crypto.com’s position as a leading player in the global crypto landscape, demonstrating its ability to adapt to changing market conditions and evolving user demands.

Source: coinpedia.org