Through a Partnership with international bank Standard Chartered, Singapore-based cryptocurrency exchange company Crypto.com has launched its worldwide retail services from its Dubai Hub.
In a statement released, Crypto.com said that the introduction of its global retail services will significantly increase the effectiveness and usefulness of its clients’ cryptocurrency journeys. These services will include the ability to seamlessly process deposits and withdrawals for millions of retail users of the Crypto.com App from over 90 countries.
The announcement claims that through the company’s regional hub in Dubai, users worldwide would have access to Crypto.com’s global retail offerings.
Standard Chartered and the progressive legal framework put in place by Dubai’s Virtual Assets Regulatory Authority (VARA), which guarantees a stable and safe environment conducive to the development of digital assets, are the driving forces behind this expansion.
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Customers in the United Arab Emirates (UAE) can now use the Crypto.com App to access the retail products and services offered by Crypto.com, including the ability to purchase, sell, and trade over 250 cryptocurrencies. This is the first phase of the rollout.
After that, Crypto.com will gradually extend its services to retail clients worldwide, offering them the same industry-leading goods and services along with better financial rails for deposits and withdrawals.
“Working with Standard Chartered to launch our global retail services is a huge milestone for us, Not only is it a significant step forward in our global expansion plans, but also enables our commitment to delivering a world-class customer experience whilst maintaining the highest levels of security and compliance” said Eric Anziani, President and Chief Operating Officer of Crypto.com.“Being able to offer our global customers effortless fiat deposit and withdrawal capabilities is key to increasing adoption and reaching our vision of crypto in every wallet,” he added.
The statement claims that Standard Chartered is now offering Crypto.com banking and payment options for its client money accounts, allowing for the near-real-time processing of deposits and withdrawals on the Crypto.com App in USD, EUR, and AED.
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This statement comes after Crypto.com launched the Crypto.com Exchange for institutional investors in April 2024 and became one of the first cryptocurrency platforms to acquire full operational permission from Dubai’s Virtual Assets Regulatory Authority (VARA).
Rola Abu Manneh, Chief Executive Officer, Standard Chartered, UAE, Middle East and Pakistan for Standard Chartered, said they are pleased to support Crypto.com’s global expansion by providing tailored banking solutions that enhance the accessibility and functionality of their retail services. This collaboration closely aligns with the UAE’s National Agenda which emphasizes innovation, economic diversification, and the growth of a knowledge-based economy, By providing cutting edge solutions that meet the evolving needs of customers across the UAE and beyond, we are contributing to the UAE’s vision of becoming a regional and international hub for digital assets,” she added.
About Crypto.com
Crypto.com excels in regulatory compliance, security, and privacy certifications and has over 80 million consumers. The goal is to implement cryptocurrency in every wallet™. Crypto.com innovates to accelerate bitcoin adoption and empower its next generation of builders, producers, and entrepreneurs to create a fairer and more equal digital economy.
