Key Notes
- Crypto.com has launched a new stock and ETF product in the US.
- The firm is positioning ahead of the incoming Donald Trump’s pro-crypto administration.
- The trading platform is driving compliance moves with licensing in different regions.
Crypto.com, a prominent crypto exchange, has boldly leaped into the Traditional Finance (TradFi) world. As announced, the exchange has rolled out stock and Exchange-Traded Funds (ETF) trading for specific US users. This marks a big step for the platform as it combines crypto with traditional finance to build a complete investment system.
Crypto.com Reinvents Trading Experience
Crypto.com has created an app where users’ crypto wallet sits comfortably beside their stock portfolio. Users can trade stocks and ETFs directly from their app in states like Pennsylvania, Ohio, Washington, and Arizona.
The exchange is offering users zero-commission trades and fractional shares. That means users can own a piece of a company like Tesla or Apple without investing hundreds of dollars.
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
These features ensure the platform appeals to a diverse user base, making investing more accessible. Crypto.com is offering a limited-time promotion to attract users. Those transferring securities into the app can earn up to a 3% bonus.
This incentive underscores the company’s commitment to gaining traction in the competitive stock trading market. The stock and ETF trading launch is part of Crypto.com’s bigger vision to integrate traditional finance products with its crypto services.
It is a bold step that could change how people view investing. Looking ahead, the platform plans to introduce stock options trading, along with foreign exchange, commodities, and index derivatives. These offerings aim to position the firm as a one-stop shop for all investment needs.
This strategic pivot reflects a growing trend in the financial industry: combining digital assets with traditional investment tools. Exchanges like Coinbase, eToro, and Robinhood have successfully adopted this approach.
These platforms offer stocks and digital assets, allowing users to engage with various investment options in one place. Crypto.com’s approach broadens its appeal and aligns with the evolving demands of modern investors seeking diverse and unified financial solutions.
Navigating Regulatory Waters
Crypto.com’s journey has not been without challenges. The platform recently dropped its lawsuit against the US Securities and Exchange Commission (SEC). The lawsuit had challenged the SEC’s authority over certain digital assets.
The decision followed a pivotal meeting between Crypto.com CEO Kris Marszalek and President-elect Donald Trump. As reported by Coinspeaker, their discussion centered on creating a crypto-friendly regulatory environment, including setting up a Strategic Bitcoin Reserve (SBR).
This development could signal a turning point in US crypto policy, potentially paving the way for greater innovation and adoption. The company has made several moves that align with creating a crypto-friendly regulatory environment and expanding financial solutions.
The trading platform has partnered with traditional financial institutions like Visa and Mastercard. These partnerships help promote crypto adoption through products like its crypto debit card. The exchange has also made significant efforts to comply with regulations in various countries, including the US, the UK, and Singapore.
By ensuring it meets local legal requirements, Crypto.com is strengthening trust and accessibility for users across different regions.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
