Singapore-based digital asset exchange giant Crypto.com plans to offer custody services to high-net-worth individuals and institutions in the US and Canada.
This week the exchange announced the creation of a US trust company to enable the new services. Crypto.com also plans to transfer all digital assets of US and Canadian customers to the new escrow company for custody in the next few weeks.
Crypto.com co-founder and CEO Kris Marszalek says the move reflects the company’s confidence in the North American market.
“The establishment of a US trust company is our latest important step in our product roadmap to build our business and presence in two of the most important and active crypto markets in the world – the US and Canada.”
Marszalek met with US President-elect Donald Trump at Mar-a-Lago earlier this month to discuss, among other things, the possibility of a national Bitcoin (BTC) reserve.
Earlier this year, Crypto.com acquired US broker-dealer Watchdog Capital to launch stock trading for American customers.
The New Hampshire-based broker is registered with the Securities and Exchange Commission (SEC) and is a member of…
