Crypto.com, a major cryptocurrency exchange, recently announced its acquisition of Watchdog Capital, an SEC-registered broker-dealer. This strategic move aims to expand Crypto.com’s offerings in the U.S. by providing eligible traders with access to stocks and equity options, enhancing its financial services beyond crypto. Watchdog Capital is a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), ensuring adherence to key financial regulations.

The acquisition marks a significant step in Crypto.com’s ambition to integrate traditional finance tools with digital assets, aligning with the vision of its CEO, Kris Marszalek, to responsibly bridge these sectors with the necessary regulatory approvals. Founded by Bruce Fenton, a well-known figure in digital assets, Watchdog Capital brings its expertise to Crypto.com’s expanding portfolio.

This announcement follows Crypto.com’s recent legal actions against the SEC after receiving a Wells notice. CEO Marszalek criticized the SEC for allegedly overreaching its regulatory authority, intensifying the exchange’s stance in the ongoing crypto-regulatory debate.

Crypto.com, based in Singapore, launched its U.S. services in March 2022, initially targeting institutional clients. It temporarily suspended some services in June 2023, citing low demand amid a challenging crypto market. Despite the suspension, many users reported that retail services remained accessible. With over 100 million global users, Crypto.com continues to diversify its offerings, recently partnering with Standard Chartered Bank to enable fiat currency deposits and withdrawals in over 90 countries.

This acquisition represents Crypto.com’s commitment to strengthening its foothold in traditional and digital finance, highlighting its resilience and ambition to lead in the rapidly evolving financial landscape.