On December 23, 2024, Crypto.com announced the launch of its institutional cryptocurrency custody service in the U.S., strengthening its position in the North American market.
Crypto.com Custody Trust Company
With the launch of the Crypto.com Custody Trust Company, the platform aims to meet the growing demand for secure and regulated cryptocurrency custody services. The trust company provides institutional-grade custody solutions, offering a reliable environment for digital currency storage. In the coming weeks, U.S. and Canadian customers' digital assets will begin migrating to the Crypto.com Custody Trust Company. Co-founder and CEO Kris Marszalek expressed confidence in the North American market.
Digital Asset Custody: A Growing Trend in the U.S. Market
Crypto.com is not alone in recognizing the importance of secure digital asset custody. The U.S. market has seen a surge in regulated custodians. BitGo, for example, launched its regulated platform in September 2024, and Fireblocks received approval to offer custody services in the U.S.
What's Next for Crypto.com in the U.S. and Beyond?
Crypto.com continues to expand its services and partnerships, recently introducing a new sports trading feature in its app. Its expansion strategy also includes increasing regulatory engagement.
The launch of institutional custody services in the U.S. highlights Crypto.com's strategic expansion in North America, where it plans to further develop its services.
