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Crypto.com Expands in the US with New Custody Service for Institutions
December 24, 2024 – In a move aimed at strengthening 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 service, aptly named Crypto.com Custody Trust Company, will enable US and Canadian customers to transition their digital assets to this platform in the coming weeks.
The CEO of Crypto.com, Kris Marszalek, highlighted the significance of this development, emphasizing the importance of North America as a key market for crypto-related activities. The move is part of the company’s broader strategy to expand its presence and business operations in these regions.
It is worth noting that this initiative underscores the growing demand for secure and reliable cryptocurrency custody solutions within institutional investors. As more institutions begin to take notice of the potential benefits offered by cryptocurrencies, they require services that ensure their digital assets are properly safeguarded and managed.
Crypto.com’s new custody service aims to address precisely these concerns, providing a comprehensive solution for US-based institutions and high-net-worth individuals seeking secure storage and management options for their cryptocurrency holdings.
Source: coinpedia.org
