Crypto.com has recently expanded its services in the United States by introducing stock and exchange-traded fund (ETF) trading on its platform.
As per a statement released on Jan. 3, users can now manage stocks and ETFs directly on the Crypto.com app, in addition to their crypto portfolios. The platform offers zero-commission trading, fractional share options, and easy asset transfers.
Crypto.com CEO Kris Marszalek mentioned in a tweet that these new products aim to provide users with a single platform to grow all their wealth.
The firm clarified that the securities services are offered by Foris Capital US LLC, a FINRA/SIPC member, separate from its crypto operations. Foris Capital does not deal with the sale, transfer, or custody of digital assets.
The stock and ETF trading feature will initially be available in Pennsylvania, Ohio, Washington, and Arizona, with plans for a nationwide rollout in the near future.
This addition aligns with Crypto.com’s 2025 roadmap, which focuses on bridging traditional and digital finance. The roadmap includes the introduction of stablecoins, ETFs, and traditional banking products, showcasing the platform’s commitment to providing a wide range of financial tools.
US expansions
The launch of stock and ETF trading comes as Crypto.com continues to expand its presence in the US market.
In December, the platform unveiled an institutional crypto custody service through Crypto.com Custody Trust Company, catering to institutions and high-net-worth clients. Digital assets held by US and Canadian customers will be transferred to this trust in the coming weeks.
In a strategic move, Crypto.com dropped its lawsuit against the US Securities and Exchange Commission (SEC) and expressed a willingness to collaborate with the new administration on crypto regulations.
This decision followed a meeting between CEO Kris Marszalek and US President-elect Donald Trump to discuss regulatory matters concerning the crypto industry.
Industry experts believe these initiatives are aimed at solidifying Crypto.com’s position as a comprehensive financial platform and expanding its reach in the competitive US market. The platform emerged as one of the top trading platforms in 2024, surpassing established players like Coinbase in trading volume.