As a seasoned researcher with a keen eye for the evolution of the digital currency landscape, I find the recent developments at Crypto.com particularly intriguing. The launch of Crypto.com Custody Trust Company marks a significant step for the exchange, not only expanding its reach but also signaling its confidence in the potential growth opportunities in North America.
The digital asset trading platform, known as Crypto.com, has introduced a United States-based trust company titled Crypto.com Custody Trust Company.
On December 23rd, the financial institution, established in 2016 and now holding multiple regulatory approvals and licenses across various nations and legal systems, announced a significant breakthrough in a public statement.
Based on the information provided, Crypto.com has announced the establishment of a U.S. trust company following the acquisition of a charter. This move allows Crypto.com to offer digital custody services to qualified institutions and wealthy individuals not only in the United States but also in Canada, as they launch their digital custody firm.
As a researcher, I’m excited to share that establishing a U.S. trust company marks a significant milestone on our business growth journey. This strategic move is aimed at expanding our presence in two thriving crypto markets: the United States and Canada, which are undeniably important and dynamic in the global cryptocurrency landscape. This was emphasized by Kris Marszalek, co-founder and CEO of Crypto.com.
Milestones indicate Crypto.com’s eagerness and faith in expansion prospects throughout North America, as stated by Marszalek. He also mentioned that the platform intends to strengthen its footprint even more by introducing fresh services and cutting-edge products.
Crypto.com is planning to move all the digital assets held by its U.S. and Canadian users to a newly established custodial trust company. This new company will serve as the custody platform for crypto assets belonging to users from these regions. The exchange will reach out to each user to facilitate the transition process, which involves transferring their assets.
In spite of the situation, the exchange asserts to its regional clients that they will have access to their accounts and funds before and throughout the process.
Additionally, it has been revealed that Crypto.com’s Sports function is now active for both mobile app and web platform users. This sports trading feature extends throughout the United States, allowing users to gain incentives by expressing their opinions about major sporting events, such as “The Big Game.
Crypto.com is currently running a campaign for new users, with a total of $1 million up for grabs. This promotion will be active from December 23rd, 2024, to January 13th, 2025. Notably, Crypto.com has recently sponsored a professional golf tournament, and the winnings were distributed in the native Cronos (CRO) token.
Read More
- AI16Z PREDICTION. AI16Z cryptocurrency
- Niecy Nash-Betts Tracks a Sinister Killer in ‘Grotesquerie’ Trailer
- A Palace x Nike Air Max DN8 Collab Is Rumored for 2025
- Felicity Jones Has a Fresh (and Minimalist) Take on Method Dressing Trend at ‘The Brutalist’ Premiere
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- ‘Riders of Justice’, Mads Mikkelsen’s Underrated Action Movie, Is Now Streaming for Free
- Amy Adams’ Nightbitch Has A Scene That Was So Disgusting, Crew Members Had To Leave The Room While They Filmed It
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- Sonakshi Sinha-Zaheer Iqbal welcome 2025 with kisses and colorful fireworks in Sydney: WATCH
- When Dharmendra said Sunny Deol and Bobby Deol didn’t have affairs with heroines and were ‘innocent’, recalls Gadar 2 director Anil Sharma
2024-12-23 22:50