TL;DR
- Crypto.com has launched the Crypto.com Custody Trust Company to serve eligible institutions and high-net-worth clients in the US and Canada, expanding its presence in these key markets.
- The launch marks a significant milestone, with digital assets held by Canadian and US customers being migrated to the new custody platform.
- Crypto.com’s CEO, Kris Marszalek, recently met with President-elect Donald Trump to discuss potential regulatory changes, aligning with Trump’s pro-crypto stance.
Crypto.com has announced the launch of its new crypto custody service, the Crypto.com Custody Trust Company, aimed at serving eligible institutions and high-net-worth clients in the United States and Canada. This strategic move is part of Crypto.com’s broader plan to expand its presence in two of the most significant and active crypto markets globally.
Building Presence in North America
The launch of the Crypto.com Custody Trust Company marks a significant milestone in the company’s efforts to establish a strong foothold in North America.
According to Kris Marszalek, co-founder, and CEO of Crypto.com, “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.”
Over the coming weeks, digital assets held by all Canadian and US customers will be migrated to the new custody platform, ensuring enhanced security and compliance.
Meeting with President-elect Trump
Earlier this month, Marszalek met with President-elect Donald Trump at his Mar-a-Lago property to discuss policies that could impact the crypto industry. The meeting focused on potential regulatory changes and the establishment of a national Bitcoin reserve.
This discussion aligns with Trump’s pro-crypto stance and his vision for the US to become a global leader in digital assets and innovation. The same day, Crypto.com dropped its lawsuit against the US SEC, signaling its intent to collaborate with the incoming administration on developing clear regulations for the crypto industry.
Strategic Acquisitions and Future Plans
In October, Crypto.com acquired Watchdog Capital, a broker-dealer registered with the SEC, as part of its strategy to expand its presence in the US. This acquisition, along with the launch of the custody service, reflects Crypto.com’s confidence in the North American market and its commitment to providing secure and compliant services to its clients.
The introduction of the Crypto.com Custody Trust Company is a significant step in Crypto.com’s expansion strategy, aiming to enhance its service offerings and establish a robust presence in the US and Canada.
