- Crypto.com launches stock, ETF trading in select U.S. states, boosting portfolio management options.
- Sports event trading now live nationwide, starting with Super Bowl contracts for unique market engagement.
- Crypto.com unveils custody services for institutions, ensuring secure digital asset storage and management.
Crypto.com has launched stock and ETF trading for users in the United States. This new feature integrates traditional finance with cryptocurrency portfolios. The application allows low-commission trades, fractional share purchases, and seamless asset transfers.
Foris Capital US LLC provides securities services for Crypto.com. Foris operates independently and ensures compliance with regulatory requirements. Currently, the service is available in Pennsylvania, Ohio, Washington, and Arizona. Crypto.com plans to expand the feature to all states soon. The integration enhances accessibility for U.S. users who want to manage diversified investment portfolios. It bridges the gap between traditional and digital assets.
Sports Event Trading Now Nationwide
Crypto.com has also launched sports event trading for users in all 50 states. The feature lets users predict outcomes of sports events. The initial focus is on the Super Bowl, where users can trade contracts tied to NFL team performance. For example, predicting the Kansas City Chiefs to win costs $32.75 per contract. Correct predictions return $100, creating unique opportunities for sports fans.
The service operates under Commodity Futures Trading Commission (CFTC) regulations. This ensures compliance while reducing licensing hurdles compared to traditional sports betting platforms. By avoiding strict sportsbook regulations, Crypto.com offers users more flexibility and lower costs for participating in sports event trading.
New Custody Services for Institutions
Crypto.com has introduced a custody service tailored for institutions and high-net-worth individuals. The platform, Crypto.com Custody Trust Company, provides secure digital asset storage solutions.
The company plans to transfer U.S. and Canadian customers’ digital assets to this new custody service soon. This transition ensures fund safety and uninterrupted user access during the process. CEO Kris Marszalek noted that the United States and Canada represented the most significant markets. He further emphasized that Crypto.com is fully dedicated to offering reliable and diversified services.
Deepening Market Access in the United States
Crypto.com is establishing its growth in the U.S. more deeply with such actions. It recently dismissed a legal case against the SEC and intends to work with the regulators. Kris Marszalek also came face-to-face with the President-elect, Donald Trump to deliberate over cryptos. These steps show the company’s willingness to engage with the relevant authorities as a sign of compliance.
Crypto.com’s 2025 roadmap focuses on integrating traditional financial products with digital finance. This includes offering stablecoins and ETFs alongside its crypto services. The company aims to create a comprehensive financial ecosystem. These efforts position Crypto.com as a leader in the evolving financial industry.
