Crypto.com Introduces Stock and ETF Trading for U.S. Users in Selected States
Crypto.com has officially rolled out stock and exchange-traded fund (ETF) trading for its users in Pennsylvania, Ohio, Washington, and Arizona, as announced on Thursday, January 2, 2025. This new feature aims to simplify investment opportunities for users by integrating stock and ETF trading directly into the Crypto.com app.
The platform plans to expand this offering across the U.S., introducing exciting features such as zero-commission trades, the ability to purchase fractional shares, and seamless securities transfers within the app.
“We’re gradually making this feature available across the U.S. in the coming days,” the company stated. Users are encouraged to check the “Stocks” tab in their app or wait for the official email announcement regarding nationwide availability. 😊
This launch aligns with Crypto.com’s 2025 Roadmap, which outlines its vision for expanding user-centric financial services.
Exciting Incentives for Early Users
To encourage early adoption, Crypto.com is offering a 3% bonus for eligible users who transfer securities into the app. This limited-time incentive is designed to attract users to explore the platform’s new trading functionality.
Further updates on the nationwide rollout are expected soon, as the “Stocks” tab becomes available to more users in phases.
Crypto.com Names Mohammed Al-Hakim as UAE President
In a significant leadership move, Crypto.com has appointed Mohammed Al-Hakim as the President of its United Arab Emirates (UAE) operations.
Al-Hakim will spearhead the company’s initiatives in the region, focusing on business growth, strategic partnerships, and introducing innovative financial products tailored to local needs.
This announcement highlights the UAE’s rising prominence as a global hub for cryptocurrency and blockchain development, backed by initiatives like the Virtual Assets Regulatory Authority (VARA) and clear regulatory frameworks.
“The UAE is a vital market for us, and Mohammed’s expertise will be instrumental in fostering relationships and driving sustainable growth in this region,” said Kris Marszalek, CEO of Crypto.com.
Sharia-Compliant Financial Products and Local Expansion in the UAE
As part of its regional expansion, Crypto.com has partnered with Dubai Islamic Bank to develop Sharia-compliant financial products. This includes the tokenization of Islamic sukuks and real-world assets (RWA), paving the way for greater integration of traditional Islamic finance principles with blockchain technology.
The agreement was signed by Mohammed Al-Hakim and Musabbah Al Qaizi, Chief Digital Officer of Dubai Islamic Bank.
Additionally, Crypto.com has introduced an AED Wallet to facilitate seamless transactions in the local currency and plans to launch prepaid debit cards in collaboration with Mastercard. These initiatives aim to cater to the UAE’s financial ecosystem while strengthening Crypto.com’s position in the Middle East.
