- Crypto.com’s global expansion is built on Dubai’s regulatory framework.
- Crypto.com App enables users to trade over 250 cryptocurrencies.
Crypto.com, a Singapore-based cryptocurrency exchange has launched global retail services, initially targeting users in the UAE. This move allows retail customers to buy, sell, and trade over 250 Cryptocurrencies via the crypto.com App. Additionally, the app offers new real-time deposits and withdrawals in USD, EUR, and AED. This expansion is part of Crypto.com’s plan to serve users across 90 countries.
Standard Chartered is providing tailored banking and payment solutions to facilitate this initiative. These solutions allow near real-time processing of fiat deposits and withdrawals, ensuring users can seamlessly interact with cryptocurrencies. Dubai’s Virtual Assets Regulatory Authority (VARA) establishes the robust regulatory environment supporting these services.
Eric Anziani, Crypto.com President and COO, described the partnership with Standard Chartered as a significant milestone in global expansion. He stressed that the company’s goal is to increase crypto adoption by making it easier for customers to manage their assets.
Standard Chartered’s CEO for UAE, Rola Abu Manneh, emphasized that the collaboration supports the UAE’s National Agenda. The initiative aligns with the country’s goals of promoting innovation and digital asset growth. Also, the bank’s tailored solutions will enhance the accessibility of Crypto.com’s services.
Crypto.com Launchpad for Global Expansion
The UAE will serve as the launchpad for Crypto.com’s global retail expansion. This effort is expected to progressively reach other countries, offering similar services worldwide. Moreover, the company’s UAE regional hub will be central to managing this growth, ensuring compliance and security in all markets.
Crypto.com’s expansion reflects the increasing importance of the UAE as a digital asset hub. Furthermore, the partnership with Standard Chartered strengthens the region’s role in the global crypto economy. Both companies are committed to ensuring a secure and innovative environment for digital assets. With a solid regulatory foundation and strategic banking partnerships, the company is ready to shape the future of global retail crypto services.
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