🔥 Crypto.com seeks "bank charter" from the Federal Trust Bank in the USA 🇺🇸
Quick news ⚡️
Event: Crypto.com has submitted an application for a National Trust Bank License to the Office of the Comptroller of the Currency (OCC).
Details: If approved, this license will allow the exchange to provide custodial and trust services for digital assets (for treasuries, ETF funds, institutional clients) regulated at the federal level.
Context: This move follows other major companies; Anchorage Digital has had a license since 2021, Paxos was granted preliminary approval, and Coinbase also just submitted a similar application on October 3.
Scanner's perspective:
This is a Positive move, indicating that major exchanges are proactively seeking legal clarity in the US market, especially to expand services for institutional clients. This is notable information regarding long-term strategy, however, this is just an application and the approval process may take additional time.
Related cashtags:
$CRO, $COIN, $BTC , $ETH
Quick news ⚡️
Event: Crypto.com has submitted an application for a National Trust Bank License to the Office of the Comptroller of the Currency (OCC).
Details: If approved, this license will allow the exchange to provide custodial and trust services for digital assets (for treasuries, ETF funds, institutional clients) regulated at the federal level.
Context: This move follows other major companies; Anchorage Digital has had a license since 2021, Paxos was granted preliminary approval, and Coinbase also just submitted a similar application on October 3.
Scanner's perspective:
This is a Positive move, indicating that major exchanges are proactively seeking legal clarity in the US market, especially to expand services for institutional clients. This is notable information regarding long-term strategy, however, this is just an application and the approval process may take additional time.
Related cashtags:
$CRO, $COIN, $BTC , $ETH