Crypto.com Introduces Stock and ETF Trading in Select U.S. States

Highlights:

• Crypto.com now offers stock and ETF trading in select U.S. states.
• Sports event trading lets users predict NFL outcomes with contracts regulated by the CFTC.
• Crypto.com launched custody services for institutions in the U.S. and Canada. 

Crypto.com has launched stock and exchange-traded fund (ETF) trading in the United States. The new feature allows users to manage stocks and ETFs along with their crypto portfolios. Its application enables low-commission trades, fractional share options, and seamless asset transfers.

US users, you can now add stocks and ETFs* to your portfolio!

Available in Pennsylvania, Ohio, Washington, and Arizona today — soon across the country

For a limited time, get up to a 3% bonus when you transfer your securities into the https://t.co/vCNztATSCO App. Here’s what… pic.twitter.com/HcCYMZvPzg

— Crypto.com (@cryptocom) January 3, 2025

Foris Capital US LLC will offer the securities services. Foris is a member of FINRA and SIPC and is independent of crypto-related services on crypto.com. It does not handle the sale, transfer, and custody of digital assets. Currently, the feature is available in Pennsylvania, Ohio, Washington, and Arizona. Crypto.com will soon expand access to the rest of the United States.

Sports Event Trading Launches Nationwide

Crypto.com sports event trading feature is now available across all 50 U.S. states. The service allows users to trade contracts by predicting the outcomes of sports events. Currently, the platform focuses on the Super Bowl hence providing a unique way for users to engage with the game. 

Woah, this is cool. Keeping up-to-date on Web3 thx to @Chain_GPT and their AI News service!. https://t.co/nS7J7O2H8R Launches Sports Prediction Market in US https://t.co/UjuhTtlR9X Launches Sports Prediction Market in US
#ChainGPTAI

— Jen Reddio (@Myowndragons) December 24, 2024

The feature lets users buy contracts on NFL teams’ chances of winning or losing. For example, a contract predicting the Kansas City Chiefs to win the Super Bowl costs $32.75. A correct prediction would return $100. Conversely, a contract predicting the Chiefs not to win trades at $75.

This service is regulated by the Commodity Futures Trading Commission (CFTC). It offers Crypto.com a distinct advantage in the competitive sports betting market. Unlike traditional sportsbooks, Crypto.com skips all the lengthy licensing processes and high tax rates. These regulations apply to operators in a legal sports betting market.

New Custody Services for Institutions

Crypto.com also recently launched a dedicated custody service for institutions and high net worth individuals. Crypto.com Custody Trust Company provides secure storage options for digital assets.

4️⃣ https://t.co/Dq2uGtMXOK Launches US Custody Trust Market 🇺🇸

🔐 https://t.co/Dq2uGtMXOK enters the US custody market with its new Custody Trust Company, offering trading, NFTs, and crypto payments.

💼 The exchange is also aligning with the Trump administration, dropping its…

— Trader Tyde (@TraderTyde) December 28, 2024

Crypto.com is set to move the digital assets of its U.S. and Canadian customers over to this new platform in the coming weeks. This assures that funds would continue and be accessed safely during the transition period. The move marks the return of the platform to North America.

Crypto.com CEO Kris Marszalek underscored the importance of the U.S. and Canada as the main crypto markets. This also shows that Crypto.com is committed to offering robust services to its customers.

Expanding Footprint in the U.S. Market

Crypto.com has also made strategic moves to grow its market footprint in the U.S. Additionally, the company dropped its lawsuit against the US Securities and Exchange Commission (SEC). Rather, it expressed a willingness to work with the incoming administration on crypto regulations. 

Crypto.com CEO Kris Marszalek met with President-elect Donald Trump in December. The meeting focused on discussing the regulatory landscape for cryptocurrencies.

These efforts aim to position Crypto.com as a leading financial platform. Analysts note that the company ranked among the top trading platforms in 2024. Crypto.com even surpassed Coinbase in trading volume in August last year.

The company’s 2025 roadmap includes integrating traditional financial products like stablecoins and ETFs with digital finance. This aligns with its goal to create a seamless and comprehensive financial ecosystem for users.