New Cryptocurrency Custody Service Launched by Crypto.com for Institutions in US and Canada

Crypto.com Launches Crypto Custody Trust Service for US and Canadian Institutions

In a recent statement, cryptocurrency exchange and digital asset platform Crypto.com announced the launch of its crypto custody trust service specifically designed for institutional clients in the United States and Canada. This development aims to provide a secure and reliable solution for institutions to store, manage, and grow their digital assets.

As part of this new initiative, over the coming weeks, all Canadian and US customer-held digital assets will be transferred to Crypto.com Custody Trust Company. This move underscores the company’s commitment to providing a robust infrastructure that supports the growing institutional interest in digital assets.

The statement emphasized the significance of establishing clear regulations for the cryptocurrency industry, which aligns with Crypto.com’s previous efforts. In October, the platform dropped its lawsuit against the US Securities and Exchange Commission (SEC) after receiving a Wells notice. This move demonstrated the company’s willingness to engage in open communication with regulatory bodies.

In a notable event earlier this year, Kris Marszalek, founder of Crypto.com, met with President-elect Donald Trump at his Mar-a-Lago property to discuss policies potentially affecting the cryptocurrency industry and its prospects under the incoming administration. During the meeting, they touched upon the subject of Bitcoin reserve.

This new development signals Crypto.com’s dedication to fostering a secure environment for institutional investors seeking exposure to the rapidly evolving digital asset market.

Source: coinjournal.net