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Crypto.com introduces stock and ETF trading for US users

Crypto.com, a platform renowned for its cryptocurrency services, has taken a significant leap into traditional finance by launching stocks and exchange-traded funds (ETFs) trading for select US users.

This initiative aims at merging traditional finance (TradFi) offerings with the platform’s established crypto platform.

Initially, the new stocks and ETFs trading feature will be available to users in Pennsylvania, Ohio, Washington, and Arizona, although Crypto.com has plans to roll out the service nationwide in the coming months.

Crypto.com’s stocks and ETFs trading service

Crypto.com’s stock and ETF trading platform offers several investor-friendly features:

  • Zero-commission trading: Users can trade without paying any commissions, making investing more accessible and cost-effective.
  • Fractional shares: Investors can buy and sell fractional shares, enabling them to own a portion of high-value stocks and ETFs. However, fractional shares are not available for all equities.
  • Effortless transfers: Users can transfer their securities into the Crypto.com app with just a few taps, simplifying portfolio management.

In addition, to celebrate the launch, Crypto.com is offering a limited-time promotion where users can earn up to a 3% bonus when transferring eligible securities into the platform.

The launch follows Crypto.com’s recent decision to drop its lawsuit against the US Securities and Exchange Commission (SEC) after a meeting between Crypto.com CEO Kris Marszalek and President-elect Donald Trump, during which they discussed crypto-friendly policies, including the proposal of a national Bitcoin reserve.

With the addition of stocks and ETF trading, Crypto.com is well-positioned to attract a broader audience, offering a unified platform for managing both traditional and digital investments.

Crypto.com is broadening its horizons in TradFi

This expansion into stocks and ETF trading aligns with Crypto.com’s broader mission to integrate TradFi products alongside its cryptocurrency services.

The platform has also announced plans to introduce additional financial instruments, including stock options trading, foreign exchange (Forex trading), commodities, and index derivatives later this year.

These offerings are expected to solidify Crypto.com’s position as a comprehensive financial platform.

For regulatory compliance and security of investors’ funds, securities on Crypto.com are offered through Foris Capital US LLC, a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

Foris Capital operates independently of Crypto.com and its other affiliated entities, ensuring a clear separation between traditional financial products and digital asset services.

Notably, Foris Capital does not engage in the sale, transfer, or custody of cryptocurrencies.

The post Crypto.com introduces stock and ETF trading for US users appeared first on Invezz

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