Singapore-based digital asset exchange giant Crypto.com has announced plans to offer custody services for high-net-worth individuals and institutions in the US and Canada. To facilitate these services, the exchange has launched a US trust company, with the intention of transferring all US and Canadian customer digital assets to the new trust company for custody in the coming weeks.
Kris Marszalek, co-founder and chief executive of Crypto.com, stated that the move reflects the company’s confidence in the North American market. He described the launch of the US trust company as a significant step in building their business and presence in the US and Canada, which he considers to be two of the most important and active crypto markets in the world.
Earlier this year, Crypto.com acquired the US broker-dealer Watchdog Capital, which allowed them to launch equities trading for American customers. Watchdog Capital is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization that establishes and enforces rules for brokerage firms.
Currently, Crypto.com is the 16th-largest digital asset exchange globally in terms of 24-hour normalized volume, according to CoinGecko.
