Crypto.com Introduces Stock and ETF Trading for U.S. Users with 3% Bonus

Author

Hongji Feng

Author

Hongji Feng

About Author

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Author Profile

Share

Copied

Last updated: 

January 3, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

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.

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.

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.

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.