From Crypto to Wall Street: Crypto.com Takes on Stock Trading

CN
3 days ago

Crypto.com is charting a course similar to Robinhood and Etoro by enabling U.S. users to diversify their portfolios with stocks and ETFs. “U.S. users, you can now add stocks and ETFs to your portfolio,” the company posted on X. “Available in Pennsylvania, Ohio, Washington, and Arizona today — soon across the country.” Crypto.com further revealed plans to introduce commission-free trading and the option to buy and sell fractional shares, broadening its offerings to appeal to diverse investors.

From Crypto to Wall Street: Crypto.com Takes on Stock Trading

Crypto.com has experienced exponential user growth, climbing from 10 million users in early 2021 to 100 million by mid-2024. Before branching into stock trading, the company provided a suite of services, including a crypto exchange, a mobile app, a non-custodial wallet, a payment platform, and a reloadable debit card supported by both Visa and Mastercard. According to the announcement on X, Crypto.com intends to “progressively roll out this feature” across the U.S. in the coming days.

Within the app, Crypto.com explained that eligible users can navigate to the newly added stocks tab, aligning with the firm’s broader 2025 roadmap to add more features. Last month, the company unveiled its first sports event trading product and the Crypto.com Custody Trust Company. With this new trust company charter, Crypto.com stated it is now authorized to offer custody services to eligible institutions and high-net-worth clients in North America.

Following the announcement on stock and ETF trading, CEO Kris Marszalek shared his thoughts on the development via a post. “First release of 2025 — we are rolling out Stocks and ETFs to U.S. users. Crypto.com is set to become the one place to grow all your wealth,” Marszalek said.

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