Crypto.com has launched an institutional cryptocurrency custody service in the United States, named Crypto.com Custody Trust Company, as part of its plan to expand its US presence following the election of Donald Trump. This chartered trust is authorized to hold assets for US institutions and high-net-worth individuals. The digital assets of Crypto.com’s US and Canadian customers will be transferred to this custody service in the upcoming weeks. On the same day of the launch, Trump met with industry leaders to discuss cryptocurrency policies, and Crypto.com dropped its lawsuit against the SEC to collaborate on a regulatory framework. The exchange, which initially launched in the US in 2022 and suspended services in 2023, aims to strengthen its operations in the country. Other regulated digital asset custodians like BitGo and Fireblocks are also expanding their custody services for US clients, highlighting the growing interest in regulated cryptocurrency management in the US.

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