Crypto.com Pursues US Banking License

Crypto.com Seeks US National Trust Bank Charter

• Crypto.com has applied for a national trust bank charter in the US.
• The charter would allow Crypto.com to offer trust and custody services under federal regulation.
• This move eliminates the need for state-by-state approvals, providing unified federal oversight.
• Other platforms like Coinbase and Ripple have also filed similar applications to enhance nationwide capabilities.
• The initiative aims to integrate cryptocurrency with traditional banking services using friendlier regulations from previous administrations.

Crypto.com’s application for a national trust bank charter aims to expand its regulated custody and staking services across the US, joining other platforms like Coinbase and Ripple in seeking enhanced nationwide capabilities.