Singapore-based digital asset exchange giant Crypto.com plans to offer custody services to high-net-worth individuals and institutions in the US and Canada.
This week’s exchange announced the launch of a US trust company to enable the new services. Crypto.com also plans to transfer all digital assets of US and Canadian customers to the new trust company for safekeeping in the coming weeks.
Kris Marszalek, co-founder and CEO of Crypto.com, says this move reflects the company’s confidence in the North American market.
“Launching a US trust company is our final key step in our product roadmap to build our business and presence in two of the most important and active crypto markets in the world – the US and Canada.”
Marszalek met with newly elected US President Donald Trump at Mar-a-Lago earlier this month to discuss, among other things, the possibility of a national Bitcoin (BTC) reserve.
Earlier this year, Crypto.com acquired US broker-dealer Watchdog Capital to launch stock trading for US clients.
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 sets 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 Coin gecko.
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