Crypto.com Introduces Stock and ETF Trading for U.S. Users
Crypto.com has launched stock and exchange-traded fund (ETF) trading for U.S. users in Pennsylvania, Ohio, Washington, and Arizona, announced on Thursday, January 2, 2025.
The company plans to expand the feature nationwide, offering zero-commission trades, fractional shares, and securities transfers within its app.
We’re progressively rolling out this feature across the US in the coming days. Look for the ‘Stocks’ tab in your App or stay tuned for the announcement email when it’s available nationwide. 😊
This launch is part of our 2025 Roadmap, which you can learn more about here:…
— Crypto.com (@cryptocom) January 3, 2025
In a post shared on X, Crypto.com unveiled details of its new stock and ETF trading feature.
Users can trade stocks and ETFs without paying commissions, buy fractional shares, and manage their securities directly within the app.
To encourage adoption of this new feature, Crypto.com has introduced additional incentives.
For a limited time, eligible users transferring securities to the Crypto.com app will receive a 3% bonus, designed to promote early usage of the trading feature.
Further announcements on nationwide access are expected, with the “Stocks” tab set to become available as the rollout progresses.
Crypto.com Appoints Mohammed Al-Hakim as Head of UAE
In other developments, Crypto.com has appointed Mohammed Al-Hakim as the President of its United Arab Emirates (UAE) operations.
🇦🇪 @cryptocom has announced the appointment of Mohammed Al-Hakim as the President of its operations in the United Arab Emirates (UAE). #UAE #NewHirehttps://t.co/YYQSlmEOgs
— Cryptonews.com (@cryptonews) December 19, 2024
Al-Hakim will oversee business development, strategic partnerships, and the expansion of financial products tailored to the region’s needs.
The appointment indicated the UAE’s growing importance as a global hub for cryptocurrency and blockchain innovation, supported by its regulatory clarity and strategic initiatives like the Virtual Assets Regulatory Authority (VARA).
“The UAE is a critical market for us, and Mohammed’s leadership and experience will help us build strong relationships and achieve sustainable growth in this key region,” said Crypto.com CEO Kris Marszalek.
Sharia-Compliant Products and Regional Expansion
Expanding its presence in the Middle East, Crypto.com has partnered with Dubai Islamic Bank to create Sharia-compliant financial products, including tokenized Islamic sukuks and real-world asset (RWA) tokenization.
🇦🇪 @Cryptocom has signed an agreement with Dubai Islamic Bank to introduce Sharia-compliant products and expand its footprint in the United Arab Emirates (UAE).#Dubai #Cryptohttps://t.co/FpgWwsDXMF
— Cryptonews.com (@cryptonews) December 30, 2024
The agreement was signed by Mohammed Al-Hakim and Musabbah Al Qaizi, Chief Digital Officer of Dubai Islamic Bank.
To further its reach, Crypto.com has introduced an AED Wallet for seamless transactions in local currency and plans to roll out prepaid debit cards in partnership with Mastercard.
These initiatives integrate traditional Islamic finance with the growing crypto ecosystem, reinforcing the platform’s presence in the region.
Source: cryptonews.com
