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Crypto.com Offers Stocks and ETFs in US

Nitin Gupta - Market Analysis - January 4, 2025
Crypto.Com Now Allows Users to Trade Stocks and ETFs in the US Market
Nitin Gupta Founder of LetsTalkWeb3.com, a full fledged media house for everything Web3.…
20 views 3 mins 0 Comments



Crypto.com is now allowing US users in four states to add stocks and ETFs to their portfolios. This represents a major step forward for the exchange as it transforms from a purely crypto-focused platform into a greater presence in traditional finance.

Since 2023, the company has made inroads with many jurisdictions, and this new acceptance from US regulators represents a dramatic turn in their working relationship.

US Warms Up to Crypto.com

Crypto.com, an exchange with years of history in the space, is now offering stock and ETF services to a limited range of US clients. The company made this announcement via social media, including several valuable details.

“Available in Pennsylvania, Ohio, Washington, and Arizona today — soon across the country. We’re progressively rolling out this feature across the US in the coming days. Look for the ‘Stocks’ tab in your App or stay tuned for the announcement email when it’s available nationwide,” Crypto.com claimed.

The firm also included a roadmap listing its future expansion goals. Crypto.com has dramatically changed its working relationship with US regulators in recent years; in mid-2023, it cited government hostility as a reason for closing its institutional services. Now, however, it’s going to offer stock and ETF services directly.

This one incident is a major step for the exchange, showing its potential to expand further into the world of traditional finance. Crypto.com has made several advancements with the US government recently. For example, in October, it sued the SEC after receiving a Wells notice.

However, the firm subsequently dropped the lawsuit after CEO Kris Marszalek met with President-elect Donald Trump to discuss industry-friendly regulations in his upcoming administration. Since this conversation, the exchange also entered the US custody market.

“First release of 2025 — we are rolling out Stocks and ETFs to US users. Crypto.com is set to become the one place to grow all your wealth,” wrote the platfrom’s CEO Kris Marszalek.

In recent years, Crypto.com has attempted to expand its reach in several jurisdictions, not just the US. For example, the firm received approval for new services in the Netherlands, the United Kingdom, as well as Singapore.

All these new approvals took place since 2023, even though the exchange has been around since 2016.

In short, these new stock and ETF services are just the beginning. If the dropped lawsuit and the new custody services are any indication, Crypto.com has ambitious plans for the US market.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.



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