Catenaa, Saturday, December 28, 2024 – Crypto.com has launched a US-based institutional cryptocurrency custody service, signaling a significant expansion in North America.
The newly established Crypto.com Custody Trust Company, announced December 23, will provide asset custody for US institutions and high-net-worth individuals.
The service will handle digital assets for US and Canadian customers, with migrations to the new platform expected in the coming weeks.
CEO Kris Marszalek highlighted confidence in the North American market, stating the move aligns with plans to grow in the US and Canada, two key crypto markets.
In December, Marszalek met with President-elect Donald Trump to discuss crypto policies. On the same day, Crypto.com dropped its lawsuit against the SEC, citing an intent to collaborate with the incoming administration. Trump has pledged to make the US a global crypto hub, appointing pro-industry leaders to regulatory positions.
The announcement follows Crypto.com’s October acquisition of Watchdog Capital, a broker-dealer registered with the SEC, aimed at broadening its US reach.
