Key Notes

The Singapore-based platform seeks federal oversight to avoid fragmented state-level banking regulations across America.

Approval would position Crypto.com alongside rivals like Coinbase, BitGo, and Ripple pursuing similar US banking licenses.

CRO token briefly jumped 2% to $0.0153 following the announcement before stabilizing at lower levels.

Crypto.com, a digital assets trading platform headquartered in Singapore, announced on Oct. 24 that it had officially filed a National Trust Bank Charter application with the US Treasury’s Office of the Comptroller of the Currency (OCC).

The regulatory process for approval typically takes between 12 and 18 months for preliminary operational authorization. During this time, Crypto.com will be evaluated by the OCC to ensure it meets th

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