Crypto.com expands reach by acquiring broker-dealer Watchdog Capital
The amount of the deal is not specified
Global cryptocurrency platform Crypto.com has announced the acquisition of broker-dealer Watchdog Capital. Now, its U.S. clients will be able to access stock and options markets.
The announcement was made on Crypto.com’s official website.
The U.S. SEC-registered broker-dealer is licensed to offer stocks and options to U.S. traders.
“We are confident in the future of the U.S. market as we see growing support for our industry. This acquisition enhances the Crypto.com ecosystem’s capabilities through a fully registered broker-dealer,” stated Crypto.com’s CEO Kris Marzsalek.
What Watchdog Capital Does
Watchdog Capital is a U.S.-registered broker-dealer offering a wide range of investment services for retail and institutional clients.
The company’s founder, Bruce Fenton, is also a long-time advocate of digital assets. Thus, Watchdog Capital specializes in both traditional securities and cryptocurrencies.
As a reminder, Crypto.com recently surpassed Coinbase as the leading cryptocurrency exchange in North America, reaching a trading volume of $133 billion.
