Tuesday, February 18, 2025

Crypto.com Acquires SEC-Registered Broker-Dealer Watchdog Capital

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KEY TAKEAWAYS

  • Crypto.com acquires Watchdog Capital, enabling it to offer equities and options in the U.S.
  • The acquisition aligns with Crypto.com’s strategy to integrate traditional finance with digital tools.
  • Crypto.com aims to expand its U.S. market offerings, including stocks and options trading.
  • This move is part of a broader strategy to enhance Crypto.com’s global financial trading solutions.

United States, October 31, 2024—Crypto.com has announced the acquisition of Watchdog Capital, LLC, a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of both FINRA and SIPC. This strategic move will enable Crypto.com’s new subsidiary to offer equities and equity options to eligible traders in the U.S.

In a statement, Kris Marszalek, CEO of Crypto.com, emphasized the company’s commitment to integrating traditional financial tools with digital capabilities. He noted that the acquisition aligns with Crypto.com’s goal of building responsibly with the necessary licenses and registrations to lead the industry. Marszalek expressed confidence in the U.S. market, citing growing bipartisan support for the cryptocurrency industry.

With this acquisition, Crypto.com aims to expand its offerings to include stocks and options markets for U.S. users. Additional details regarding the new products and services, including trading commencement, will be provided to eligible customers of the broker-dealer.

Enhancing Digital Trading Capabilities

Travis McGhee, Managing Director and Global Head of Capital Markets at Crypto.com, highlighted the significance of this acquisition in advancing the company’s financial trading solutions. He stated that the move represents a significant step forward in providing a comprehensive global financial trading and services solution.

This acquisition is part of Crypto.com’s broader strategy to enhance its product offerings. Recent milestones include the launch of UpDown Options, the first CFTC-regulated crypto derivatives product, and the addition of PayPal as a payment method. The company has also launched global retail services powered by Standard Chartered and has become the world’s leading USD-supporting exchange.

For more information on the acquisition, visit the official announcement here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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