Crypto.com Acquires SEC-Registered Broker-Dealer Watchdog Capital, LLC
The acquisition enables Crypto.com to offer equities and equity options to eligible traders in the U.S., marking a significant expansion in traditional financial services.
Key Takeaways
Acquisition Announcement: Crypto.com has acquired Watchdog Capital, LLC, an SEC-registered broker-dealer and a member of both FINRA and SIPC.
Expanded Services: With this acquisition, Crypto.com will soon offer U.S.-based eligible traders access to equities and equity options.
Strategic Growth: CEO Kris Marszalek emphasizes Crypto.com's commitment to integrating traditional finance and digital finance under responsible regulatory practices.
Leadership Perspective: Travis McGhee, Crypto.com’s Global Head of Capital Markets, notes this acquisition as a critical step in expanding Crypto.com’s financial services for a global trading environment.
Expanding Financial Offerings in the U.S.
In a significant move to bridge digital and traditional finance, Crypto.com announced its acquisition of Watchdog Capital, LLC, a licensed broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of FINRA and SIPC. This acquisition positions Crypto.com to offer U.S.-based traders the ability to invest in equities and equity options, marking its entry into traditional stock markets.
“We are working to integrate traditional financial tools with digital capabilities,” said Crypto.com CEO Kris Marszalek. “We are confident in the U.S. market’s potential, especially as support for digital finance continues to grow.” With this acquisition, Crypto.com adds to its growing suite of regulated financial offerings, strengthening its market position and aligning with its global strategy.
Leadership Insights on a New Era for Traders
Crypto.com's new services will open stock and options trading to U.S.-based users, further diversifying its offerings in a comprehensive financial ecosystem. Travis McGhee, Crypto.com's Managing Director and Global Head of Capital Markets, expressed optimism about the platform’s growth: “With this acquisition, we take another step toward offering a top-tier global financial trading solution.”
This development adds to Crypto.com’s recent milestones, including the launch of UpDown Options (the first CFTC-regulated crypto derivatives product), new payment options with PayPal, global services backed by Standard Chartered, and its distinction as the top USD-supporting exchange globally.
About Crypto.com
Founded in 2016, Crypto.com serves over 100 million customers globally and is known for its commitment to regulatory compliance, security, and privacy. With a mission to accelerate cryptocurrency adoption, the company continues to drive innovation in both digital and traditional finance.
Source: Crypto.com