- Crypto.com is expanding globally through Retail Services, debuting in the UAE.
- The collaboration with Standard Chartered provides security and regulatory compliance.
Crypto.com, the leading Singapore-based cryptocurrency exchange, announced new global retail services that will enhance crypto transactions for millions of users in over 90 countries. Starting next month, the services will be functioned through Crypto.com’s regional center in Dubai, with backing from Standard Chartered and Dubai’s Virtual Assets Regulatory Authority (VARA). This development is expected to simplify the deposit and withdrawal processes, making cryptocurrency transactions more efficient and accessible.
Crypto.com Launch Sparks Global Expansion
Initially, UAE customers will get access to Crypto.com’s full set of retail products, which includes the ability to purchase, sell, and trade over 250 cryptocurrencies via the app. The service will then be expanded globally, giving the same advanced financial infrastructure to users worldwide.
Crypto.com’s President and COO, Eric Anziani, termed the relationship with Standard Chartered an important turning point in the company’s global growth. He highlighted that the move demonstrates the company’s dedication to a secure and compliant customer experience, which is critical for increasing crypto usage.
Rola Abu Manneh, CEO of Standard Chartered UAE, stated that this collaboration is consistent with the UAE’s National Agenda for Innovation and Economic Diversification. The cooperation helps Crypto.com expand globally and improves its retail offerings by enabling near-real-time deposits and withdrawals in USD, EUR, and AED.
The Global Retail Services launch adds to Crypto.com’s recent achievements. In April 2024, the firm acquired full operational clearance from the Virtual Assets Regulatory Authority (VARA), allowing for fiat transactions in the UAE and the launch of the Crypto.com Exchange for institutional investors. In addition, the corporation signed an endorsement deal with the UEFA Champions League in August, which increased brand visibility. Crypto.com is also connected with PayPal for US users, making cryptocurrency transfers smoother.
This strategic advancement highlights the UAE’s expanding status as a digital asset center. With a solid regulatory structure and effective banking connections, Crypto.com is well-positioned to figure out the future of global retail crypto services.
