The acquisition will allow Crypto.com’s family of companies to offer stocks and equity options to eligible traders in the United States.
Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission (SEC).
The move will allow the exchange’s subsidiary in the country to offer stocks and equity options to eligible traders, broadening its suite of financial services beyond crypto. According to an Oct. 31 announcement, Watchdog Capital is also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
Watchdog Capital was established by Bruce Fenton, a long-time advocate for digital assets.
