In a strategic transfer to develop its presence in conventional finance, Crypto.com has acquired Watchdog Capital, LLC, a U.S.-based, broker-dealer registered with the Securities and Change Fee.
This acquisition positions Crypto.com to supply equities and fairness choices to eligible U.S. merchants.
As a broker-dealer registered with the SEC, Watchdog Capital offers a platform for buying and selling conventional property, similar to shares, below regulatory oversight by the Monetary Business Regulatory Authority and Securities Investor Safety Company.
Crypto.com’s entry into the regulated U.S. equities market indicators its intent to combine conventional and digital monetary companies.
“By the end of this year,Crypto.com will offer a full range of services through its family of companies, including crypto derivatives and now stocks,” posted Crypto.com CEO Kris Marszalek.
By acquiring a licensed broker-dealer, the corporate can now supply inventory and choices buying and selling alongside its present crypto companies, addressing rising demand from traders for diversified monetary merchandise.
Crypto and inventory buying and selling below one platform
This acquisition is a component of a bigger trade development of crypto corporations working to bridge conventional finance and decentralized finance.
For American traders, Crypto.com’s acquisition may streamline the method of buying and selling each crypto and conventional property below one platform, permitting each inventory and crypto merchants to discover various types of finance.
Crypto.com plans to offer additional particulars on buying and selling entry and eligibility necessities quickly, as the corporate goals to supply a compliant pathway for U.S.-based customers looking for each fairness and crypto investments.
