Crypto.com Offers Stocks and ETFs in US
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Crypto.com is now allowing US users in four states to add stocks and ETFs to their portfolios. This represents a major step forward for the exchange as it transforms from a purely crypto-focused platform into a greater presence in traditional finance. Since 2023, the company has made inroads with many jurisdictions, and this new acceptance from US regulators represents a dramatic turn in their working relationship. US Warms Up to Crypto.com Crypto.com, an exchange with years of history in the space, is now offering stock and ETF services to a limited range of US clients. The company made this announcement via social media, including several valuable details. “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,” Crypto.com claimed. The firm also included a roadmap listing its future expansion goals. Crypto.com has dramatically changed its working relationship with US regulators in recent years; in mid-2023, it cited government hostility as a reason for closing its institutional services. Now, however, it’s going to offer stock and ETF services directly. This one incident is a major step for the exchange, showing its potential to expand further into the world of traditional finance. Crypto.com has made several advancements with the US government recently. For example, in October, it sued the SEC after receiving a Wells notice. However, the firm subsequently dropped the lawsuit after CEO Kris Marszalek met with President-elect Donald Trump to discuss industry-friendly regulations in his upcoming administration. Since this conversation, the exchange also entered the US custody market. “First release of 2025 — we are rolling out Stocks and ETFs to US users. Crypto.com is…
Filed under: News - @ January 4, 2025 1:15 am