Crypto.com Launches a Custody Service in US

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Crypto.com on Monday announced the launch of its new cryptocurrency custody service, called the Crypto.com Custody Trust Company. This new service is specifically designed for US-based institutions and high-net-worth individuals, showing the company’s dedication to expanding into the US market.

The chartered trust will provide a secure way to manage digital assets, and existing customers from the US and Canada will gradually transition to the new platform in the upcoming weeks.

CEO Kris Marszalek recognizes the importance of the US and Canada as major crypto markets and aims to further the company’s growth in these regions. In addition, Crypto.com has been actively working to establish a stronger presence in the US.

For example, in December, Marszalek had a meeting with then-President-elect Donald Trump at Mar-a-Lago to discuss potential regulatory policies for cryptocurrencies.

On the same day, the company also dropped its lawsuit against the US Securities and Exchange Commission (SEC), demonstrating a willingness to collaborate with the administration to develop regulatory frameworks.