Crypto.com Introduces Stock and ETF Trading for US Customers
Crypto.com, a major cryptocurrency exchange, has entered the Traditional Finance (TradFi) sector by introducing stock and Exchange-Traded Funds (ETF) trading for select US users. This development integrates crypto with traditional finance, enhancing its investment offerings.
Crypto.com Reinvents Trading Experience
The new app allows users to manage their crypto wallets alongside stock portfolios. Stock and ETF trading is available in Pennsylvania, Ohio, Washington, and Arizona, with plans to expand nationwide.
Users benefit from zero-commission trades and fractional shares, enabling investments in companies like Tesla or Apple without substantial capital.
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 enhance accessibility for a diverse user base. A limited-time promotion offers up to a 3% bonus for transferring securities into the app, indicating Crypto.com's strategy to gain traction in the competitive stock trading market. The launch of stock and ETF trading aligns with Crypto.com's vision to merge traditional finance products with its crypto services.
Future plans include introducing stock options trading, foreign exchange, commodities, and index derivatives, aiming to establish the platform as a comprehensive investment solution.
This shift reflects a broader trend in finance—integrating digital assets with traditional investment tools. Other exchanges like Coinbase, eToro, and Robinhood have successfully implemented similar models, allowing users to explore various investment options in one platform.
Navigating Regulatory Waters
Crypto.com has faced challenges, including dropping its lawsuit against the US Securities and Exchange Commission (SEC) regarding regulatory authority over certain digital assets. This decision followed a meeting between CEO Kris Marszalek and President-elect Donald Trump, focusing on establishing a crypto-friendly regulatory environment and proposing a Strategic Bitcoin Reserve (SBR).
This may indicate a shift in US crypto policy, fostering innovation and adoption. Crypto.com has partnered with financial institutions like Visa and Mastercard to promote crypto adoption, notably through its crypto debit card. The platform emphasizes compliance with regulations in multiple countries, including the US, the UK, and Singapore, which enhances trust and accessibility for users globally.