Crypto.com announced the acquisition of Watchdog Capital, a Securities and Exchange Commission (SEC) registered stocks and options broker. We take stock.
Crypto.com being its services in the United States with the acquisition of a broker
THURSDAY, Crypto.com announced the acquisition of American broker Watchdog Capitala platform registered with the Securities and Exchange Commission (SEC). With this acquisition, the company will now be able to offer stocks and options trading to US clients.
Kris Marszalek, CEO of Crypto.com, indicates that the platform works “ actively integrating traditional financial tools »:
We are extremely confident in the future of the U.S. market as we see growing bipartisan support for our sector. This acquisition strengthens the capabilities of the Crypto.com family of companies with a fully registered broker.
💡 What are Crypto.com bank cards worth? Discover our comparison
Regarding deadlines for new products as well as their launch date, customers eligible for these services will be kept informed soon.
In addition to its registration with the SEC, Watchdog Capital is also a member of the Financial Industry Regulatory Authority (FINRA), as well as the Securities Investor Protection Corporation (SIPC). On the other hand, Crypto.com clarifies that the broker also remains a separate entitynot being dedicated to offering services on digital assets, just as the cryptocurrency exchange does not intend to offer stock trading.
👉 Also in the news – Coinbase reveals rather disappointing financial results for the 3rd quarter of 2024
Last month, Crypto.com made news by filing a complaint against the SEC and receiving a Wells Notice from the agency at the same time. According to Arkham data, the platform currently has nearly $7 billion in assets under management. For its part, CRO is trading at $0.073, down 1.6% in 24 hours.
Crypto.com: up to €50 offered with the code CRYPTOAST
Source: Crypto.com
The #1 Crypto Newsletter 🍞
Receive a summary of crypto news every day by email 👌
What you need to know about affiliate links. This page may feature investment-related assets, products or services. Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no harm to you and you can even get a bonus using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to cryptoassets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
1415 items
