Crypto.com will provide US equities trading after broker-dealer acquisition

Crypto.com, a Singapore-based digital asset exchange, has acquired Watchdog Capital, a US broker-dealer, in order to introduce equities trading to American clients.

The Securities and Exchange Commission (SEC) has registered the broker in New Hampshire, and it is a member of the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization that establishes and enforces regulations for brokerage firms.

According to Kris Marszalek, the CEO of Crypto.com, the acquisition represents a “significant advancement” in the integration of crypto and traditional finance.

“Building responsibly with the required licenses and registrations to operate as the industry leader is our top priority as we actively pursue the integration of conventional financial tools with digital financial capabilities.

We are exceedingly optimistic about the future of the U.S. market, as we observe an increasing level of bipartisan support for our industry. This acquisition expands the capabilities of the Crypto.com family of companies by incorporating a fully registered broker-dealer.”

Marszalek contends that Crypto.com will provide equities by the conclusion of the year. Additionally, the organization intends to provide equity options to merchants in the United States.

According to CoinGecko data, the Singaporean crypto firm is the 38th-largest centralized exchange globally in terms of monthly visits.

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