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Investing.com -- Crypto.com filed an application for a national trust bank charter with the Office of the Comptroller of the Currency, the company announced Friday.
The cryptocurrency exchange, which was founded in 2016, is seeking to expand its custody-service business for products including digital-asset treasuries and exchange-traded funds.
"Building the Crypto.com product and service portfolio through regulated and secure offerings has been our focus since Day One," Chief Executive Officer Kris Marszalek said in the statement.
Crypto.com joins other digital-asset companies such as Circle Internet Group Inc., BitGo Inc. and Ripple Labs Inc. that are pursuing US bank charters. These firms aim to become federally regulated service providers in the cryptocurrency space.
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