Crypto.com has made a major leap in traditional finance. It now offers stocks and ETFs to select US users.
The initiative is aimed at combining traditional financial (TradFi), with the crypto platform that has been established.
Initial users of the Stocks and ETFs Trading feature in Crypto.com will be in Pennsylvania, Ohio Washington and Arizona. However, Crypto.com plans to expand the service to the entire country in the next few months.
Crypto.com offers stocks and ETFs for trading.
Crypto.com offers a number of features that are designed to make trading stocks and ETFs more user-friendly for investors.
- Trading without commission: The user can invest in the stock market with no additional fees.
- Fractional Shares Investors are able to buy and sell fractional share, which allows them to hold a small portion of ETFs and high-valued stocks. But fractional shares may not be available on all stocks.
- Easy transfers Users can easily transfer securities to the Crypto.com application with only a few clicks. This simplifies portfolio management.
To celebrate its launch, Crypto.com offers a limited time promotion that allows users to earn up to 3 percent bonus on eligible securities transferred into the platform.
This launch comes after Crypto.com dropped its suit against the US Securities and Exchange Commission. The decision was made following a recent meeting between Crypto.com Chief Executive Kris Marszalek and Donald Trump during which the two discussed crypto-friendly policy, such as the idea of a Bitcoin national reserve.
Crypto.com, with the addition of ETF and stock trading, is in a good position to appeal to a wider audience. It offers a platform that can manage both digital and traditional investments.
Crypto.com expands its reach in the TradFi
The expansion of TradFi’s services to include stocks and ETFs is in line with the mission of Crypto.com, which is to provide cryptocurrency products along with TradFi.
Later this year, the platform plans to add additional financial instruments including foreign exchange trading (Forex), index derivatives, commodities and stock options trading.
Crypto.com is expected to strengthen its position as an integrated financial platform with these offerings.
For the sake of regulatory compliance and investor funds’ security, Crypto.com securities are sold by Foris Capital US LLC. Foris Capital US LLC is a member firm of the Securities Investor Protection Corporation and Financial Industry Regulatory Authority.
Foris Capital is independent of Crypto.com, and all its affiliated companies. This ensures a distinct separation between digital assets and traditional financial services.
Foris Capital is not involved in any type of cryptocurrency sale, custody, transfer or exchange.
The post Crypto.com launches stock and ETF Trading for US Users may change as new information becomes available.
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