Crypto.com launches commission-free stock and ETF trading in US expansion
crypto.com It has expanded its offerings in the US, launching stock and exchange-traded fund (ETF) trading on its platform.
According to January 3 statementThe company said its users can now directly manage stocks and ETFs alongside their cryptocurrency portfolios via their app. The platform offers commission-free trading, fractional stock options, and seamless asset transfers.
Crypto.com CEO Chris Marszalek male The new products will allow the platform to become the only place where its users can fully grow their wealth.
Crypto.com explained that these securities services are provided by Foris Capital US LLC, a member of FINRA/SIPC and a separate entity from the company’s cryptocurrency operations. Foris Capital does not handle the sale, transfer or custody of digital assets.
The feature will initially be available in Pennsylvania, Ohio, Washington, and Arizona and will soon be rolled out nationwide, the cryptocurrency exchange added.
This new feature is part of Crypto.com’s broader roadmap for 2025Which aims to bridge the gap between traditional and digital finance. The plan includes offering stablecoins, ETFs and traditional banking products, reflecting its commitment to offering diversified financial instruments.
American expansions
The new product comes as Crypto.com ramps up its operations in the US.
In December, that foot Crypto.com Custody Trust Company’s institutional cryptocurrency custody service, designed for institutions and high-net-worth clients. The platform plans to migrate digital assets held by its clients in the US and Canada to this trust in the coming weeks.
In another strategic pivot, Crypto.com has reportedly taken down its site lawsuit against the US Securities and Exchange Commission (SEC) while expressing a commitment to cooperate with the incoming administration on cryptocurrency regulations.
This development comes after a December meeting between Crypto.com CEO Chris Marszalek and the US President-elect Donald Trump To discuss the regulatory landscape of the crypto industry.
Market observers said that these initiatives aim to strengthen its role as a company Comprehensive financial platform While expanding its footprint in the competitive US market. Last year, the company emerged as one of the Best Trading Platforms of 2024even superior to well-known players such as Coinbase in trading volume.
mentioned in this article
https://cryptoslate.com/wp-content/uploads/2024/02/crypto-stocks.jpg