Crypto.com has announced the launch of its institutional custody service in the United States, aiming to provide enhanced secure digital asset storage solutions. This move underscores the company's commitment to working closely with regulatory bodies, as the industry faces increasing scrutiny from global regulators. However, the introduction of such services may not be enough to counteract the prevailing pessimism in the market, as regulatory pressures continue to mount. The future of crypto exchanges remains uncertain amidst tightening regulations and market volatility.