On December 23, 2024, Crypto.com announced the launch of its institutional custody service in the U.S., marking a significant step in strengthening its position in the North American market.
Crypto.com Custody Trust Company
The launch of Crypto.com Custody Trust Company aims to meet the growing demand for secure and regulated cryptocurrency custody services. This newly established trust company offers institutional-grade custody solutions, providing a safe and reliable environment for storing digital currencies. In the coming weeks, Crypto.com will begin the transition of digital assets for its U.S. and Canadian customers to the Crypto.com Custody Trust Company. Co-founder and CEO Kris Marszalek expressed confidence in the North American market, highlighting this expansion as crucial for enhancing services.
Growing Trend of Digital Asset Custody in the U.S.
Crypto.com is not alone in recognizing the importance of secure and compliant digital asset custody in the U.S. Companies like BitGo and Fireblocks are also actively developing their custody services. These developments indicate a rising institutional interest in cryptocurrency custody services.
Future Prospects for Crypto.com in the U.S. and Beyond
Besides launching its custody service, Crypto.com continues to expand its features and partnerships. The company has recently introduced a new sports trading feature in its app and dropped a lawsuit against the U.S. SEC, signaling an intention to work on establishing clear cryptocurrency regulations.
Crypto.com takes a significant step in reinforcing its presence in the U.S. and Canada by offering secure and regulated custody services for institutional clients and high-net-worth individuals.
