Crypto.com Introduces Retail Services in More Than 90 Countries in Partnership with Standard Chartered
Recently, the company attracted attention by becoming the first cryptocurrency platform to form an exclusive partnership with the UEFA Champions League.
On August 29, Crypto.com introduced its global retail services in collaboration with Standard Chartered. This service enables users in more than 90 countries to utilize deposit and withdrawal features through the Crypto.com App.
The growth was made possible by the regulatory framework set up by Dubai's Virtual Assets Regulatory Authority (VARA).
According to the company, this launch will improve the efficiency and usefulness of cryptocurrency transactions for millions of retail users around the globe.
Establishing a Secure Framework in Dubai: Is the Middle East Emerging as the Crypto Hub?
Standard Chartered is set to offer banking solutions that enable near-instant processing of deposits and withdrawals in key currencies, including USD, EUR, and AED.
Rola Abu Manneh, CEO of Standard Chartered UAE, emphasized that the partnership with Crypto.com aligns with the UAE's ambition to establish itself as a center for digital assets by delivering innovative solutions that cater to the changing needs of customers both locally and internationally.
Next month, these services will be made available to customers in the United Arab Emirates (UAE), allowing them to access Crypto.com’s retail offerings via the app.
After the launch in the UAE, Crypto.com plans to progressively extend these services to a worldwide audience, ensuring they have strong financial infrastructure for deposits and withdrawals.
Crypto.com Launches Global Retail Services Amidst Stringent Compliance Measures
The introduction of Crypto.com’s retail services follows a series of significant accomplishments by the company.
This approval marked a significant milestone in the establishment of Crypto.com’s regional hub in Dubai, a city recognized for its rigorous consumer protection laws, which mandate clearer advertising practices and stringent licensing standards for cryptocurrency businesses.
Alongside its expansion in Dubai, Crypto.com has been actively strengthening its global footprint.
Recently, the company attracted attention by becoming the first cryptocurrency platform to form an exclusive partnership with the UEFA Champions League.
Comments
pinkpools
perfact exchange
alex.m
Dubai is becoming a hub for digital exchanges due to free trade laws in the UAE, as well as an influx of wealthy businessmen and high liquidity that suppresses a large portion of supply and demand.
Apart from crypto.com, in the near future, many other exchanges and financial foundations will migrate to the UAE in this area.
laora
The most ridiculous exchange that I worked with was Crypto.com My reasons:
High futures trading fees
Even though, according to them and coin market cap, the volume of transactions has increased many times, my order has not been confirmed and finally it has caused me to become liquid.
