As the digital landscape continues to evolve at a breakneck pace, Crypto.com has taken a significant leap forward by expanding its retail services to a global audience. This expansion ushers in a new era of convenience and accessibility for cryptocurrency transactions, catering to users in more than 90 countries worldwide. At the heart of this groundbreaking service is a strategic alliance with Standard Chartered, setting a new benchmark in the realm of crypto transactions. (Cover photo: Eric Anziani, President and COO of Crypto.com)
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The strategic positioning of Crypto.com’s regional hub in Dubai is not by mere chance. Instead, it represents a calculated move to leverage the city’s avant-garde regulatory framework spearheaded by the Virtual Assets Regulatory Authority (VARA). Dubai’s forward-thinking approach to digital assets creates an optimal environment for Crypto.com to flourish, ensuring a secure and fertile ground for the burgeoning growth of cryptocurrency services globally.
Launch in the UAE
Marking a significant milestone, the UAE has become the launchpad for Crypto.com’s sophisticated products accessible via the Crypto.com App. Users in the UAE now have the privilege to buy, sell, and trade an impressive portfolio of over 250 cryptocurrencies. This initial rollout is merely the beginning, with plans to extend these premier services to retail customers worldwide. The global expansion aims to offer unparalleled access to a wide array of cryptocurrencies, coupled with superior financial infrastructure to facilitate effortless deposits and withdrawals in key currencies such as USD, EUR, and AED.
This ambitious global expansion has been made viable through Crypto.com’s strategic partnership with Standard Chartered. Eric Anziani, President and COO of Crypto.com, reflected on the enormity of this partnership, stating, “The collaboration with Standard Chartered to unveil our global retail services is a pivotal achievement for our team. This alliance not only propels our growth on a global scale but also enhances our commitment to providing an unmatched customer experience with unsurpassed security and compliance standards. Introducing streamlined fiat deposit and withdrawal options is essential for amplifying cryptocurrency adoption and bringing to fruition our vision of embedding crypto in every wallet.”
Supporting the UAE’s Vision
Rola Abu Manneh, CEO of Standard Chartered, UAE, Middle East, and Pakistan, reiterated the significance of this partnership:
“We’re thrilled to back Crypto.com’s global outreach by offering bespoke banking solutions that bolster the functionality and reach of their retail services. This partnership is closely aligned with the UAE’s National Agenda, focusing on innovation, economic diversification, and fostering a knowledge-based economy. Through our state-of-the-art banking solutions that cater to the dynamic needs of customers in the UAE and beyond, we are committed to aiding the UAE’s ambition of establishing itself as a prominent regional and global hub for digital assets.”
Effortless Transactions
Thanks to Standard Chartered’s banking and payment solutions, Crypto.com users are now privy to almost instantaneous processing of USD, EUR, and AED deposits and withdrawals via the Crypto.com App. This capability comes on the heels of Crypto.com receiving full operational approval from Dubai’s VARA and the initiation of the Crypto.com Exchange tailored for institutional investors earlier in the year.
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About Crypto.com
Since its inception in 2016, Crypto.com has emerged as a titan in the realms of regulatory compliance, security, and privacy, garnering the trust of over 100 million customers across the globe. With a steadfast dedication to expediting the adoption of cryptocurrency, Crypto.com envisions a future where every wallet is crypto-inclusive. For further details, check out Crypto.com.
About Standard Chartered
Standard Chartered stands as a bastion of international banking, with operations spanning 53 of the most dynamic markets worldwide and serving additional clients in 64 locations. The group is driven by a mission to facilitate commerce and prosperity through its distinctive diversity, anchored by the promise to be “here for good.” Standard Chartered PLC proudly lists its shares on the stock exchanges of London and Hong Kong. Discover more insights by visiting sc.com.
Conclusion
The collaboration between Crypto.com and Standard Chartered marks a watershed moment in the cryptocurrency world, emphasizing the transformational potential of strategic partnerships in enhancing user access and experience. As we witness the growing integration of digital currencies into everyday transactions, such initiatives play a pivotal role in molding the future landscape of digital finance. Navigating this evolving digital era requires not just adoption but adaptation, and Crypto.com, with its recent expansion, is at the forefront, leading the charge towards a future where digital currencies are as commonplace as traditional ones.
For those keen on staying abreast of the latest developments in the digital finance space, including initiatives like the one Crypto.com has embarked on, DeFi Daily News serves as an invaluable resource. Here, readers can dive into more trending news articles, ensuring they remain informed and ahead of the curve in the fast-paced world of DeFi and cryptocurrency.
