Crypto.com rushes to joins five other crypto firms seeking US bank licence. Here’s why it matters – DL News
- Exchange says application marks next step in its regulatory strategy.
- Top crypto firms race to integrate with the US banking system.
- Banks have pushed back against the applications.
Crypto.com is applying for a national trust bank charter, becoming the latest major crypto player to pursue a federal banking license.
The crypto exchange has joined a slew of industry players that have applied with the US Office of the Comptroller of the Currency for such a licence.
“Building the Crypto.com product and service portfolio through regulated and secure offerings has been our focus since day one,” said Kris Marszalek, Crypto.com’s co-founder and CEO. “We are excited to take this next step.”
If successful, Crypto.com’s application will…
