Crypto.com Launches U.S. Trust Company

Crypto.com, a leading cryptocurrency platform, has officially launched its U.S. trust company, Crypto.com Custody Trust Company, on December 23, 2024. This new entity is designed to provide regulated custody services for digital assets to eligible institutions and high-net-worth clients in the United States and Canada.

After securing a trust company charter, Crypto.com can now offer a secure environment for clients to store their digital assets. This move is part of Crypto.com’s strategy to expand its presence in two of the world’s most significant cryptocurrency markets. Kris Marszalek, co-founder and CEO of Crypto.com, stated that this launch is a “significant step” in their product roadmap, emphasizing the importance of the U.S. and Canadian markets.

The trust company will handle the custody of all digital assets for Crypto.com’s North American users, with a transition starting in the coming weeks. The platform assures that during this migration, users will maintain uninterrupted access to their accounts and funds. This development follows other initiatives by Crypto.com to bolster its offerings in the region, including the introduction of a sports trading feature and promotional campaigns aimed at new users.

This launch not only demonstrates Crypto.com’s commitment to regulatory compliance but also enhances its service capabilities in a highly competitive market. By establishing a U.S. trust company, Crypto.com strengthens its position as a trusted provider in the crypto space, potentially attracting more institutional clients seeking secure and regulated digital asset management services.

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