Cryptocurrency exchange Crypto.com has launched a US trust company called Crypto.com Custody Trust Company.

The exchange, which was established in 2016 and currently enjoys regulatory approval and licenses in several countries and regions, revealed the key development in press release On December 23.

According to the details, Crypto.com unveiled the US trust company after it obtained a trust company charter. With the launch of the Digital Custodian, Crypto.com can now expand its custodial services to qualified institutions and high-net-worth clients across the United States and Canada.

“Launching a US trust is our latest important step in our product roadmap to build our business and presence in two of the most important and active cryptocurrency markets in the world – the US and Canada,” Chris Marszalek, co-founder and CEO of Crypto.com noted.

Marszalek added that this achievement indicates Crypto.com's keen interest and confidence in growth opportunities across North America. According to him, the exchange has plans to further enhance its presence through new services and innovative products.

Crypto.com plans to transfer all digital assets of customers in the US and Canada to the new trust custody company. This will serve as the new custodial platform for crypto assets for US and Canadian clients, who the exchange will contact for migration purposes.

Despite this, the exchange has assured its clients in the region that access to accounts and funds will be available before and during the exercise.

And in another development, Crypto.com Announce Its sports feature is now available to app and web users. The Sports Trading feature is available across the US and will see users receive rewards for trading their “opinions on the big game”.

Crypto.com is offering $1 million in a campaign program targeting new users. The promotion runs from December 23, 2024 to January 13, 2025. Recently, Crypto.com sponsored a professional golf tournament where the prize payouts were in the original Kronos (Crow) symbol.