Crypto.com Expands Services with New Custody Offering for US and Canadian Clients

High-net-worth people and organizations in the US and Canada are now able to use the services of Crypto.com, a significant digital asset exchange with its headquarters in Singapore. The business has established a trust firm in the United States that will offer custody services for digital assets. This action is anticipated to strengthen Crypto.com’s position in these significant North American markets, where there is an increasing need for safe asset storage.

Strengthening North American Market Presence

As part of this new initiative, Crypto.com will transition all customer digital assets from the U.S. and Canada to the new trust company over the coming weeks. The company is keen to offer tailored services to institutions and wealthy clients, providing them with a secure platform to store their digital holdings. Kris Marszalek, co-founder and CEO of Crypto.com, emphasized the company’s commitment to North America: “Launching a U.S. 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 U.S. and Canada.”

Crypto.com’s expansion is backed by strategic moves such as its recent acquisition of U.S. broker-dealer Watchdog Capital. This acquisition is a key part of the company’s push into equities trading for American customers. Watchdog Capital, registered with the SEC and a member of FINRA, adds significant regulatory credibility to Crypto.com’s operations in the U.S.

Crypto.com’s move to enter the equities trading sector and provide custody services is indicative of its growing clout in the digital asset market. According to Coinmarketcap, Crypto.com is currently the 16th-largest digital asset exchange in the world based on 24-hour normalized volume. As the business develops and expands its product line, its initiatives are in line with more general industry trends.

A national Bitcoin (BTC) reserve is one of the possible developments in the digital asset market that Marszalek recently discussed with U.S. President-elect Donald Trump. Crypto.com is putting itself in a better position to benefit from the expanding cryptocurrency sector in North America with its most recent expansion.