Crypto News (December 23, 2024) – Crypto.com Expands in North America with New Custody Trust Company

Crypto News (December 23, 2024) – Crypto.com Custody Trust Company: A Key Step in North American Expansion

Crypto News (December 23, 2024) – Crypto.com has taken a significant step in expanding its presence in North America by launching its Crypto.com Custody Trust Company, a newly established U.S. trust company. This move will allow the company to provide regulated digital asset custody services to eligible institutions and high-net-worth clients in the U.S. and Canada. The company has received a trust company charter, which gives it the regulatory approval to handle these services.

Crypto.com Expands Services to U.S. and Canadian Institutions

Over the next few weeks, Crypto.com will begin transitioning the digital assets of U.S. and Canadian customers to its Custody Trust Company. The process will ensure that affected users maintain uninterrupted access to their accounts and funds, with notifications sent to guide them through the transition.

Kris Marszalek, the co-founder and CEO of Crypto.com, emphasized the strategic importance of this move, stating, “Launching a U.S. trust company is our latest significant step in our product roadmap to building our business and presence in two of the most important and active crypto markets in the world – the U.S. and Canada.” He added, “This step reflects our confidence in the North American market, and we look forward to continuing to enhance and innovate the market for our customers in the market.”

Crypto.com’s Trusted Global Presence

Founded in 2016, Crypto.com has established itself as a trusted platform for over 100 million customers worldwide. Known for its commitment to regulatory compliance, security, and privacy, the platform continues to be a leader in the cryptocurrency industry. With its Custody Trust Company initiative, Crypto.com aims to build even stronger foundations in North America while offering an additional layer of regulatory protection for its users. This step highlights Crypto.com’s ongoing effort to drive cryptocurrency adoption and innovation in the global financial space.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.