Crypto.com Gains U.S. Customer Onboarding License

The move also comes as bitcoin trades near $78,123, well above its 50-day moving average of about $66,728 and its 200-day moving average of roughly $69,265, even after a sharp pullback from earlier highs above $123,000. The token’s RSI reading of 82.7 points to stretched momentum, but the broader tape still shows deep trading activity, with billions of dollars changing hands daily across the market.

For Coinbase, the regulatory backdrop is important even if the stock has been volatile. COIN closed at $178.64 on Aug. 28, below both its 50-day average of $160.38 and its 200-day average of $195.37, after a run that briefly lifted it above $190 this week. A growing network of licensed distribution partners could support trading volumes across the sector, but it also underscores how exchange access is becoming a competitive battleground.

The latest permission fits a broader industry shift toward licensing, compliance and cross-border access as crypto firms seek to turn regulatory clarity into business growth. Investors will now watch for how quickly the small cap converts the approval into customer flows, and whether Crypto.com can use it to widen its U.S. footprint without running into new regulatory friction.