Aiming to strengthen its dominance over cryptocurrencies worldwide, Crypto.com announced the launch of its global retail services through its Dubai-based regional center. This move will make cryptocurrency transactions more efficient for millions of users in over 90 countries.
Crypto.com’s New Service: Faster and More Secure Crypto Transactions
The groundbreaking move in the crypto world aims to offer users a faster and more secure experience in cryptocurrency transactions. The regional center in Dubai was launched with the support of Standard Chartered and Dubai’s Virtual Assets Regulatory Authority (VARA). The regulatory framework created by VARA provides a secure environment that supports the growth of cryptocurrencies, aligning with Crypto.com’s expansion strategy.
Starting next month, users in the United Arab Emirates will be able to buy and sell over 250 cryptocurrencies through Crypto.com’s app and also conduct transactions with these currencies. This service will initially be launched in the UAE and later offered to individual customers worldwide. Thus, users will benefit from advanced financial infrastructure for both deposits and withdrawals.
New Partnership Strengthens Global Growth Ambition
Crypto.com’s President and COO Eric Anziani stated that this collaboration with Standard Chartered is a significant milestone in the company’s global growth. Anziani emphasized that these new services, which they see as one of the most important steps in increasing the adoption of cryptocurrencies, reinforce their commitment to providing customers with a secure and compliant experience.
Standard Chartered’s UAE CEO Rola Abu Manneh expressed that this collaboration aligns with UAE’s National Agenda, which is based on innovation and economic diversification. Abu Manneh stated that this partnership enhances the functionality and accessibility of Crypto.com’s user-focused services by increasing its global reach, thereby supporting UAE’s goal of becoming a regional and international hub for cryptocurrencies.
Standard Chartered provides Crypto.com with banking and payment solutions, enabling deposits and withdrawals in USD, EUR, and AED to be processed almost in real-time. This development follows Crypto.com’s launch of its exchange for institutional investors, which was one of the first crypto platforms to receive full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) at the beginning of 2024.
