Nikolas Sargeant
Crypto.com has launched an institutional cryptocurrency custody service in the United States, marking a significant step in its strategy to strengthen its presence in North America. The new service, named Crypto.com Custody Trust Company, is a chartered trust that will allow U.S. institutions and high-net-worth individuals to securely store digital assets.
This move comes as part of the company's broader plan to capitalize on the growing U.S. crypto market and follows key discussions with President-elect Donald Trump about future crypto regulations.
Crypto.com is a global cryptocurrency exchange and financial platform that offers a wide range of services, including trading, payment solutions, and institutional custody for digital assets. Founded in 2016 and headquartered in Singapore, the company has rapidly expanded its presence, with a focus on building partnerships and complying with evolving regulatory frameworks.
U.S. Expansion Plans: Crypto.com Sets Sights on Regulatory Cooperation
Crypto.com's U.S. expansion comes on the heels of a meeting between CEO Kris Marszalek and President-elect Donald Trump in December, where discussions centered around crypto policies and industry regulations. Marszalek expressed confidence in the North American market, signaling Crypto.com's commitment to the U.S. and Canadian markets. This expansion is also a response to a favorable regulatory environment, with Trump aiming to position the U.S. as the "world's crypto capital."
Additionally, Crypto.com dropped its lawsuit against the U.S. Securities and Exchange Commission (SEC), signaling its intent to collaborate with the incoming administration on creating a regulatory framework for the crypto industry.
