Why does Crypto.com need my social security number?

Excuse me, but I'm a bit concerned about the request for my social security number by Crypto.com. Could you please explain the necessity of such information? I understand the importance of identity verification in the cryptocurrency space, but I want to ensure that my personal details are being handled securely and with the utmost care. Could you elaborate on how Crypto.com intends to use my social security number and what measures are in place to protect my privacy?