Crypto.com Announces Launch of New Custody Service for High Net Worth Clients in US and Canada

Singapore-based digital asset alternate large Crypto.com plans to supply custody companies to high-net-worth people and establishments within the US and Canada.

This week’s alternate announced the launch of a US belief firm to allow the brand new companies. Crypto.com additionally plans to switch all digital property of US and Canadian prospects to the brand new belief firm for safekeeping within the coming weeks.

Kris Marszalek, co-founder and CEO of Crypto.com, says this transfer displays the corporate’s confidence within the North American market.

“The launch of a US belief firm is our newest main step in our product roadmap to construct our operations and presence in two of crucial and energetic crypto markets on the planet – the US and Canada.”

Marszalek met with newly elected US President Donald Trump at Mar-a-Lago earlier this month to debate, amongst different issues, the opportunity of a nationwide Bitcoin (BTC) reserve.

Earlier this 12 months, Crypto.com acquired US broker-dealer Watchdog Capital to launch inventory buying and selling for US shoppers.

The New Hampshire-based dealer is registered with the Securities and Alternate Fee (SEC) and is a member of the Monetary Trade Regulatory Authority (FINRA), a self-regulatory group that units and enforces guidelines for brokerage corporations.

Crypto.com is the sixteenth largest digital asset alternate on the planet by way of 24-hour normalized quantity, in response to Coin gecko.

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