Crypto.com launches crypto custody trust service for US and Canadian institutions
- The crypto custody service will be available to eligible Canadian and US institutions and high-net-worth clients
- The launch of the trust company is Crypto.coms latest step in building their presence in Canada and the US
Crypto.com has launched a crypto custody service designed to help build its presence in Canada and the US.
According to a company statement, the Crypto.com Custody Trust Company will offer services to eligible Canadian and US institutions and high-net-worth clients.
Launching a US trust company is our latest significant 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 US and Canada, said Kris Marszalek, co-founder and CEO of Crypto.com.
Additionally, the statement noted that over the coming weeks digital assets held by all Canadian and US customers will move to Crypto.com Custody Trust Company.
Earlier this month, Marszalek met with President-elect Donald Trump at his Mar-a-Lago property to discuss policies potentially affecting the cryptocurrency industry, Congress, and the incoming administration. They also discussed the Bitcoin reserve.
Honored to have a seat at the table. pic.twitter.com/KvK0XyEdYZ
Kris | Crypto.com (@kris) December 17, 2024
At the time, a Crypto.com spokesperson said: We look forward to working with the new administration to develop and advance clear regulations for the crypto industry so the US can become a global leader in digital assets and innovation.
The meeting with Trump came the same day Crypto.com dropped its lawsuit against the US Securities and Exchange Commission (SEC). In October, the crypto platform filed a lawsuit after receiving a Wells notice.
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