Important points
- Crypto.com has applied for national trust bank certification in the United States.
- The move will allow Crypto.com to provide trust and custody services nationwide under federal regulations.
Cryptocurrency exchange platform Crypto.com has applied for National Trust Bank Charter with the aim of expanding its regulated custody and staking services under federal oversight.
The federal license will allow Crypto.com to provide trust and custody services nationwide without requiring state-by-state approval. The National Trust Bank Charter allows companies to operate under unified federal supervision rather than circumventing individual state regulations.
Cryptocurrency companies have applied for these charters to take advantage of friendlier regulations under President Trump and aim to integrate cryptocurrencies with traditional banking services.
Other crypto platforms have recently filed similar applications. Coinbase and Ripple have applied for National Trust Bank approval to strengthen payment capabilities nationwide.
