Crypto.com pushes for federal footing with US trust bank charter application

**Crypto.com Seeks Federal Trust Bank Charter to Expand US Cryptocurrency Services**

Leading cryptocurrency exchange Crypto.com has filed for a federal trust bank charter application, marking a significant push toward mainstream financial integration in the United States. If approved by federal regulators, this charter would enable the platform to provide federally regulated custody and trust services for digital assets including Bitcoin, Ethereum, and other cryptocurrencies.

This strategic move positions Crypto.com alongside other major crypto firms pursuing traditional banking licenses to enhance regulatory compliance and customer protection. The federal charter would allow the exchange to operate under stricter regulatory oversight while offering institutional-grade custody solutions for cryptocurrency holdings.

The application reflects the growing maturation of the cryptocurrency industry as blockchain-based platforms seek legitimacy through traditional banking frameworks. For investors and DeFi enthusiasts, this development could signal increased institutional adoption and potentially impact cryptocurrency market dynamics.

Federal approval would strengthen Crypto.com's competitive position against rivals like Coinbase and Binance.US, while providing enhanced security and regulatory clarity for American cryptocurrency users seeking trusted digital asset management services.