The post Crypto.com Launches US Trust Company to Enhance Custody Services for Institutions and High-Net-Worth Individuals appeared on BitcoinEthereumNews.com.

Crypto.com has launched a new US trust company, enhancing its custody services tailored for institutions and high-net-worth individuals. This development represents a significant stride in Crypto.com’s efforts to penetrate the North American cryptocurrency market more effectively. As part of its ongoing global expansion strategy, the company has successfully secured regulatory licenses in diverse jurisdictions. Crypto.com launches its new US trust company to offer enhanced custody services for institutions, marking a key expansion in the North American crypto market. Key Expansions in North America As a leading Singapore-based cryptocurrency exchange, Crypto.com has consistently aimed to broaden its financial services, which encompass trading, exchanges, an NFT marketplace, and innovative crypto payment solutions. The introduction of the Crypto.com Custody Trust Company showcases a landmark achievement for the platform, particularly with its focus on the US and Canadian markets. “Launching a US 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 US and Canada. This step reflects our confidence in the North America market, and we look forward to continuing to enhance and innovate the market for our customers in the market,” said Kris Marszalek, co-founder and CEO of Crypto.com. The migration of digital assets for US and Canadian clients to this new custody platform is set to occur over the coming weeks, ensuring a seamless transition with uninterrupted access to accounts and funds throughout the process. Cooperation with Regulatory Bodies In a noteworthy move earlier this month, Crypto.com CEO Kris Marszalek met with President-elect Donald Trump at his luxury Mar-a-Lago resort. During this meeting, the company made the strategic decision to withdraw a lawsuit it had previously filed against the US Securities and Exchange Commission after receiving a Wells notice…

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Filed under: News - @ December 25, 2024 11:24 pm