Cryptocurrency platform Crypto.com is making a big splash by launching stock and ETF trading for users in select U.S. states. This marks a significant step beyond their core crypto offerings, allowing users to manage traditional investments alongside their crypto holdings within the same app.
Initially available in Pennsylvania, Ohio, Washington, and Arizona, the service boasts zero commissions and fractional shares, making it easier for investors of all levels to participate. Crypto.com plans to roll out the service nationwide soon.
To incentivize user adoption, they’re offering a limited-time bonus of up to 3% for transferring existing securities into the app. This move aligns with their broader strategy of bridging the gap between traditional finance and the crypto world.
Looking ahead, Crypto.com plans to further expand their offerings with stock options trading, foreign exchange, commodities, and even index derivatives. These additions are expected to arrive later in 2025.
It’s important to note that Crypto.com recently dropped its lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit challenged the SEC’s authority over certain digital assets. The decision to drop the suit follows a meeting between Crypto.com CEO Kris Marszalek and the newly elected president.
Also Read: Crypto.com Launches US Institutional Crypto Custody Service
