Crypto.com Says It Won Conditional Approval for US Bank Charter

Crypto.com said it received conditional approval for a national trust bank charter in the US, paving the way for the digital-asset exchange to offer its crypto services as a federally regulated institution.

The crypto platform said in a statement Monday that it was reviewed by the US Office of the Comptroller of the Currency, which awards national bank charters. The US agency didn’t respond to several requests seeking confirmation. Crypto.com said it plans to use the charter to offer services like staking and trade settlement.