Crypto.com has launched commission-free trading of stocks and ETFs in the US
The service is only available in a few states at first, but will later expand to the entire country
03.01.2025 - 14:35
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What’s new? Centralized crypto exchange (CEX) Crypto com has expanded its list of services in the United States by launching trading of stocks and exchange-traded fund (ETF) shares. According to a January 3 announcement, the platform offers zero-commission trading, options, and seamless asset transfers. Users can directly manage these asset types along with crypto portfolios through the app.
What else is known? Crypto com clarifies that the new securities-related services are provided by Foris Capital US LLC. This company is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) and is not associated with cryptocurrency transactions.
It is emphasized that Foris Capital is not in the business of selling, transferring, or holding digital assets.
The feature is initially available in Pennsylvania, Ohio, Washington, and Arizona, and will soon be rolled out nationwide.
The initiative is part of the exchange’s broader 2025 roadmap to bring traditional and digital finance together. The plan includes the introduction of stablecoins, ETFs, and conventional banking products.
US will launch ETFs based on securities of companies investing in BTC
The fund’s issuer will be Donald Trump associate Vivek Ramaswamy’s Strive company
Overall, the company is actively growing its business in the US. In December, it launched an institutional digital asset custody company, Crypto.com Custody Trust Company. The platform plans to move digital assets held by its US and Canadian clients under the management of this company in the coming weeks.
The exchange also withdrew its lawsuit against the US Securities and Exchange Commission (SEC), expressing its willingness to cooperate with the new administration on cryptocurrency regulation. Current SEC Chairman Gary Gensler will step down after Donald Trump’s inauguration on January 20.
This follows a December meeting between exchange CEO Kris Marszalek and Trump at his residence. At it, the president-elect discussed regulatory issues with representatives of the crypto industry.
SEC’s court victory against Terra allowed the regulator to levy a record annual amount of fines
Without Terra’s $4,47 billion fine, the amount of penalties would have been the lowest since 2013
In November, spot trading volume on Crypto.com rose 92% to $286,12 billion. The trading volume on the derivatives market increased by 57% to $335,96 billion. The number of visits to the website increased by 113% to 6,5 million. The main traffic came from the US (43%), Canada (7%), and the UK (5%).
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