Crypto.com has launched stock and ETF trading for select US users, marking a major expansion beyond cryptocurrencies.
The new feature allows users to buy, sell and transfer stocks and exchange-traded funds through crypto.com program. The platform was initially available in Pennsylvania, Ohio, Washington and Arizona, and plans to roll out the service nationwide.
Users can trade commission-free and access fractional shares, providing more flexibility to investors.
Crypto.com project at TradFi
To promote the new service, Crypto.com is offering users a bonus of up to 3% for transferring securities into the app during a limited promotional period.
This announcement is in line with Crypto.com's broader strategy of integrating traditional finance products with its cryptocurrency offerings. The platform also plans to do so He presents Stock options will be traded, along with forex, commodities and index derivatives later this year.
Crypto.com recently dropped its lawsuit against the US Securities and Exchange Commission, challenging its authority over certain digital assets. decision came after A meeting between Crypto.com CEO Chris Marsalek and President-elect Donald Trump, where they discuss crypto-friendly policies, including a proposed national Bitcoin reserve.
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