Crypto.com Joins Digital-Asset Firms Pursuing US Bank Charters

Crypto.com became the latest cryptocurrency firm to pursue a US bank charter as it seeks to further its custody-service business for products such as digital-asset treasuries and exchange-traded funds.

The crypto exchange, founded in 2016, filed a national trust bank charter application with the Office of the Comptroller of the Currency, according to a statement Friday.

Crypto.com follows other digital-asset companies including Circle Internet Group Inc., BitGo Inc. and Ripple Labs Inc. that are pursing US bank charters with the aim of becoming federally regulated service providers. Crypto.com is already regulated on the state level by the New Hampshire ...