Crypto.com, the Singapore-based cryptocurrency exchange, is getting into the stock market. They’ve bought a US broker-dealer called Watchdog Capital to offer stock trading to American customers.
Expanding Beyond Crypto
This move is a big step for Crypto.com, as they’re trying to connect the world of crypto with traditional finance. Their CEO, Kris Marszalek, says they’re working hard to combine these two worlds while following all the rules and regulations. He’s confident about the future of crypto in the US, especially with growing support from both Democrats and Republicans.
What’s Next?
Crypto.com plans to start offering stocks to US customers by the end of the year. They’re also going to offer equity options, which are like bets on how the price of a stock will move.
A Growing Company
Crypto.com is a big player in the crypto world, ranking 38th globally in terms of website visits. This move into stocks shows they’re looking to expand their reach and offer more services to their customers.
Important Note: This article is for informational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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