Crypto.com Announces New Global Retail Services to Expand Its Market Reach
Crypto.com recently announced new global retail services to expand its services in the market as part of its growth plan.
Crypto.com has announced new global retail services, expanding its presence in key markets and offering convenient ways to deposit and withdraw in USD, EUR, and AED through a partnership with Standard Chartered Bank.
This service enables clients in over 90 countries to seamlessly conduct crypto operations via the Crypto.com app. Initially introduced in the UAE, the company aims to expand these services further.
The decision aligns with Dubai's strong regulatory framework, overseen by the Virtual Assets Regulatory Authority (VARA), ensuring client safety and compliance worldwide.
Standard Chartered's partnership is vital for Crypto.com in building a global infrastructure for crypto transactions. Standard Chartered's banking services enable real-time handling of multiple currencies within the Crypto.com app, enhancing usability for users globally.
Eric Anziani, President and COO of Crypto.com, highlighted the partnership's significance in enhancing customer experience and security.
"Working with Standard Chartered to launch our global retail services is a huge milestone for us," said Anziani.
He noted that offering robust fiat deposit and withdrawal capabilities is essential for driving crypto adoption at scale.
Positioned in Dubai as its regional base, Crypto.com is strategically placed to capitalize on opportunities within emerging markets and legal jurisdictions. Dubai's regulatory framework for digital assets offers a favorable operating environment for crypto firms seeking to expand their international footprint safely and responsibly.
The Dubai hub serves as a central base for Crypto.com's regional operations, playing a pivotal role in rolling out services internationally. This positioning is expected to support the firm's initiatives towards making crypto more accessible and engaging users in diverse markets.
Crypto.com's collaboration with Standard Chartered and its regional hub in Dubai contributes significantly to expanding crypto accessibility worldwide. Simultaneously, Crypto.com aims to accelerate digital asset adoption by enabling users to easily buy and sell fiat currencies for cryptocurrencies.
The platform's focus on major currencies like USD, EUR, and AED ensures these services cater to a vast majority of clients around the globe.
In related news, Crypto.com announced a partnership on August 14, becoming an official global partner of the UEFA Champions League. This partnership further positions the platform as a bridge between crypto and mainstream audiences, boosting Crypto.com's reach across the globe and aligning with its goal to have crypto in every portfolio.
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