The launch of Crypto.com global retail services is enabled by Standard Chartered’s tailored banking solutions and the forward-thinking regulatory framework of Dubai’s Virtual Assets Regulatory Authority (VARA).
Crypto trading platform Crypto.com has partnered with the international banking group Standard Chartered to introduce retail services, including asset deposit, withdrawal, and trading of more than 250 cryptocurrencies to global users from over 90 countries.
The services will be offered through the company’s regional hub in Dubai. The United Arab Emirates provides a favourable environment for digital asset firms, as the country officials have been long declaring their interest in crypto, believing that cryptocurrencies will ‘play a major role for the United Arab Emirates global trade going forward’. VARA’s reputation as a progressive virtual asset regulator has turned Dubai into a solid crypto hub.
Crypto.com became one of the first crypto platforms to receive full operational approval from VARA and launched its exchange for institutional investors in April 2024. Today, the company is ready to present its services to retail users as well.
Due to the cooperation with Standard Chartered, the Crypto.com App can significantly improve the efficiency and utility of customers’ crypto journeys. The partner’s banking capabilities empower the crypto provider with banking and payment solutions for client money accounts and near-real-time processing of USD, EUR and AED deposits and withdrawals on the Crypto.com App.
“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. 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.”
Eric Anziani, President and COO of Crypto.com
The expansion of the firm’s global retail services begins next month, starting with customers across the UAE. The gradual rollout will eventually make enhanced Crypto.com App available across the globe.
Crypto.com was founded in 2016 and already amassed over 100 million customers worldwide. Besides being innovative, Crypto.com is an environmentally responsible business that purchased technological carbon dioxide removal from Climeworks last year to tackle the pressing climate challenge.
