The Singapore-based digital asset exchange giant Crypto.com plans to offer custody services for high-net-worth individuals and institutions in the US and Canada.
This week, the exchange announced the launch of a US trust company to enable the new services. Crypto.com also plans to shift all US and Canadian customer digital assets to the new trust company for custody in the next few weeks.
Kris Marszalek, co-founder and chief executive of Crypto.com, says the move reflects the firm’s confidence in the North American market.
“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.”
Marszalek met with US President-elect Donald Trump at Mar-a-Lago earlier this month to discuss the possibility of a national Bitcoin (BTC) reserve, among other things.
Earlier this year, Crypto.com acquired the US broker-dealer Watchdog Capital to launch equities trading for American customers.
The New Hampshire-based broker is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization that creates and enforces rules for brokerage firms.
Crypto.com is the 16th-largest digital asset exchange in the world in terms of 24-hour normalized volume, according to CoinGecko.
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