Crypto.com has launched its new institutional cryptocurrency custody service, Crypto.com Custody Trust Company, in the United States. The new service will hold assets for US and Canadian Institutions and high-net-worth individuals.
The exchange announced on December 23 that digital assets held by its US and Canadian customers will be transferred to the new custody service in the coming weeks.
CEO Kris Marszalek highlighted the significance of this move, expressing confidence in the North American market. He said that this 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.”
This announcement follows a series of strategic moves by Crypto.com to expand its US operations. In December, Marszalek met with US President-elect Donald Trump to discuss crypto policies, and the company dropped its lawsuit against the US SEC, signaling its intent to collaborate on future regulations.
Crypto.com, which entered the US market in 2022, has faced challenges, including suspending its exchange services in 2023, but has now reversed that decision. The company’s acquisition of Watchdog Capital in October also reflects its commitment to growing in the US.
With regulated crypto custodians like BitGo, Fireblocks, and Coinbase Custody leading the way, Crypto.com aims to join this competitive space and provide secure asset management for institutional clients.
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