The post Crypto.com Expands Stock and ETF Services in US, Indicating Potential Growth in Traditional Finance appeared on BitcoinEthereumNews.com.

Crypto.com has expanded its financial services by allowing users in Pennsylvania, Ohio, Washington, and Arizona to invest in stocks and ETFs. This strategic move represents a significant evolution of the platform from a crypto-centric service to a more diversified financial offering. CEO Kris Marszalek emphasized the dual commitment to both crypto and traditional assets, marking a transformative moment for the exchange. Crypto.com enhances its service offerings by introducing stocks and ETFs for US users, illustrating its evolving relationship with regulators. Crypto.com Expands Horizons: Stock and ETF Services Now Available In a notable development for the crypto exchange industry, Crypto.com has announced the launch of stock and ETF trading for users in select US states. This expansion reflects a broader ambition to merge cryptocurrency with traditional investment vehicles. The exchange revealed through social media, “Available in Pennsylvania, Ohio, Washington, and Arizona today — soon across the country. We’re progressively rolling out this feature across the US in the coming days. Look for the ‘Stocks’ tab in your App or stay tuned for the announcement email when it’s available nationwide.” This statement underscores the company’s intent to provide comprehensive financial services as it navigates regulatory landscapes. Building Bridges with US Regulators Historically, Crypto.com faced challenges in its relationship with US regulatory bodies. In mid-2023, the company took a step back, suspending its institutional services due to perceived hostility from regulators. However, recent interactions, including a meeting between CEO Kris Marszalek and former President Donald Trump, signify a pivotal shift in this dynamic. After the meeting, Crypto.com dropped its lawsuit against the SEC, which had been initiated following the receipt of a Wells notice. This decision illustrates the exchange’s renewed focus on regulatory cooperation and highlights an effort to foster an industry-friendly atmosphere. Marszalek stated, “First release of 2025 — we are rolling…

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Filed under: News - @ January 4, 2025 1:21 am