Crypto.com has launched a cryptocurrency custody service for institutional investors in the United States as part of a broader plan to expand its presence in the country, the cryptocurrency exchange said Dec. 23
"Crypto. com Custody Trust An authorized trust named "Crypto. com Custody Trust Company" is authorized to hold the assets of U. S. institutional investors and high net worth individuals, Crypto. com said in a statement.
Crypto. com CEO Chris Marszalek said in a statement that "this move reflects our confidence in the North American market.
It also furthers Crypto. com's plan to "grow our business and presence in two of the most important and active #cryptocurrency markets in the world - the U. S. and Canada, Marszalek said. BREAK In December, U. S. President-elect Donald Trump met with Marshalek at Trump's Mar-a-Lago home to discuss cryptocurrency policy.
The same day Crypto. com withdrew its lawsuit against the U. S. Securities and Exchange Commission (SEC), saying it "will . and has expressed a willingness to work with the incoming administration on a framework.
President Trump has said he wants the U. S. to become the "cryptocurrency capital of the world" and has nominated industry-backed leaders to head key regulatory agencies when his presidency begins in January.
Crypto. com is headquartered in Singapore and began operating in the U. S. in 2022, initially only for institutional investors. The company suspended services in the country in 2023, but has since changed course.
In October, Crypto. com acquired SEC-registered broker-dealer Watchdog Capital to expand its U. S. presence.
In the U. S. , the number of digital asset custodians is growing: in September, U. S. cryptocustodian #BitGo launched a regulated platform for storing and managing native #Web3 protocol tokens; In August, CoinTelegraph reported that Fireblocks, a company known for its financial management products, received permission from the New York financial regulator to store assets of U. S. clients.
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