Revolutionizing Wealth Management: Crypto.com Launches Stock and ETF Trading in the US
Crypto.com has expanded its services in the United States, introducing stock and exchange-traded fund (ETF) trading on its platform. This move signifies the platform’s commitment to providing a comprehensive financial experience for its users.
Key Features of the New Offering:
- Zero-commission trading
- Fractional share options
- Seamless asset transfers
Crypto.com CEO’s Vision for the Platform:
In a recent statement, Crypto.com CEO Kris Marszalek emphasized that the introduction of stock and ETF trading aligns with the platform’s goal of becoming a one-stop solution for users to manage all their wealth effectively.
Partnership with Foris Capital US LLC
Crypto.com clarified that the new securities services are provided by Foris Capital US LLC, a FINRA/SIPC member. It is important to note that Foris Capital’s operations are separate from Crypto.com’s crypto services, focusing solely on traditional financial products.
Initial Availability and Nationwide Rollout:
The stock and ETF trading feature will initially be accessible in select states such as Pennsylvania, Ohio, Washington, and Arizona. However, Crypto.com plans to expand this offering nationwide in the near future, catering to a broader audience of users.
Strategic Expansion in the US Market
Crypto.com’s recent initiatives in the US market, including the launch of an institutional crypto custody service and collaboration on regulatory matters, demonstrate the platform’s commitment to growth and innovation. By prioritizing user experience and regulatory compliance, Crypto.com aims to solidify its position as a leading financial platform in the competitive US market.
