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Crypto.com has initiated its institutional cryptocurrency custody service, Crypto.com Custody Trust Company, catering to US and Canadian institutions and high-net-worth individuals. This strategic move involves transferring assets of US and Canadian customers to the new service over the coming weeks, ensuring enhanced security and management of digital assets.
CEO Kris Marszalek highlighted the expansion as a critical component of the company’s strategy to strengthen its footprint in North America. He remarked on the launch as a pivotal development in Crypto.com’s journey, positioning the company within two vital crypto markets globally. This follows a significant engagement with US President-elect Donald Trump discussing crypto policies and a series of strategic efforts to harmonize with US regulatory frameworks.
Despite past challenges, including a temporary suspension of exchange services, Crypto.com’s recent activities, including acquiring Watchdog Capital, signify a robust commitment to its US operations. Competing with leading custodians like BitGo and Coinbase Custody, Crypto.com is poised to offer top-tier asset security to its institutional clients.
