Crypto.com Receives Conditional Approval for National Trust Bank in US

Crypto.com has made significant progress in its expansion into the US market after receiving conditional approval from the Office of the Comptroller of the Currency (OCC) to operate a nationally chartered trust bank.

The OCC's decision allows Crypto.com to offer federally regulated custodial services, including custody and staking across blockchains. This move is seen as a key step in attracting institutional clients who require federal oversight and compliance guardrails.

Crypto.com emphasized that the conditional approval does not affect its existing custody arm, which will continue to operate under New Hampshire banking regulations. The company plans to expand its suite of services under federal oversight, including staking across multiple blockchains, such as Cronos.