Crypto.com exchange expands its institutional services in the U.S. with the dedicated entity – Crypto.com Custody Trust Company.
Singaporean-based cryptocurrency exchange Crypto.com now offers crypto custody to high-net-worth clients and eligible institutions in North America through its new U.S. trust company subsidiary.
The exchange will transfer all the U.S. and Canadian customer digital assets it already holds to Crypto.com Custody Trust Company in the coming weeks. All impacted users will be informed about the transition of their funds and will continue to have full access to their accounts and funds throughout the whole process.
This strategic move signals the firm’s commitment to expand in the prospective North American market. Notably, prior to the launch of the new trust, Crypto.com CEO Kris Marszalek met with U.S. President-elect Trump to talk about crypto regulations and dropped its lawsuit against the SEC initiated to gain clearer regulatory guidelines.
Operating since 2016, Crypto.com serves over 100 million clients worldwide, offering various financial services, including a crypto trading platform, noncustodial DeFi wallet, NFT marketplace, and direct crypto payments.
This year, the company launched global retail services, including asset deposit, withdrawal, and trading of more than 250 cryptocurrencies to global users from over 90 countries, enabled by Standard Chartered’s tailored banking solutions and the forward-thinking regulatory framework of Dubai’s Virtual Assets Regulatory Authority (VARA).
Despite its already significant presence in major global markets, the crypto exchange keeps expanding to new destinations. Thus, in September, Crypto.com received approval from the Central Bank of Bahrain to provide payment service provider (PSP) services in the country.
The firm’s service expansion in the U.S. is only a small part of Crypto.com’s 2025 roadmap. Some of the most notable updates to the company’s offering next year include the development of its own stablecoin, a CRO ETF application, new financial divisions, and plans for a Cortex AI platform, aiming to merge AI and cryptocurrency through “autonomous AI agents.”
