Crypto.com has announced the launch of its global retail services from its regional center in Dubai, aiming to enhance cryptocurrency transactions for users in over 90 countries. This strategic initiative is designed to provide a more efficient and secure platform for cryptocurrency transactions.
Faster and More Secure Transactions
The new service aims to offer quicker and more secure cryptocurrency transactions. Launched with the support of Standard Chartered and Dubai’s Virtual Assets Regulatory Authority (VARA), the Dubai center provides a regulated environment conducive to the growth of cryptocurrencies. This aligns with Crypto.com’s strategy to expand its global presence.
Starting next month, users in the United Arab Emirates will have the opportunity to buy and sell over 250 cryptocurrencies through Crypto.com’s app. Initially available in the UAE, these services will later be extended to users worldwide, providing advanced financial infrastructure for both deposits and withdrawals.
Partnership with Standard Chartered
Eric Anziani, President and COO of Crypto.com, described the collaboration with Standard Chartered as a key milestone in the company’s global expansion. He emphasized that this partnership underscores their commitment to providing a secure and compliant user experience as they work to increase cryptocurrency adoption.
Rola Abu Manneh, CEO of Standard Chartered UAE, stated that this collaboration supports the UAE’s National Agenda of innovation and economic diversification. The partnership not only enhances Crypto.com’s services but also contributes to UAE’s goal of becoming a major hub for cryptocurrencies.
Key Takeaways
- Crypto.com has launched global retail services from its regional center in Dubai.
- Users in the UAE can trade over 250 cryptocurrencies starting next month.
- The partnership with Standard Chartered supports Crypto.com’s global growth and secure transactions.
- The initiative aligns with UAE’s aim to become a regional and international cryptocurrency hub.
Standard Chartered will provide Crypto.com with banking and payment solutions, enabling nearly real-time processing of deposits and withdrawals in USD, EUR, and AED. This development follows Crypto.com’s launch of its exchange for institutional investors, which was one of the first to receive full operational approval from Dubai’s VARA earlier this year.