Crypto.com, the global crypto exchange, has announced that it will be launching its global retail services across 90 countries out of Dubai UAE. The crypto exchange has partnered with Standard Chartered Bank to allow the deposit and withdrawal of crypto and fiat easily.
As per their X post, “This is the first seamless USD, EUR and AED deposit and withdrawal in over 90 countries. We’re excited to announce the launch of global retail services to our millions of users worldwide, powered by Standard Chartered Bank from our Dubai hub.”
The company claims that this move will improve the efficiency and utility of users’ cryptocurrency transactions.
The global retail services will be managed from Crypto.com’s regional hub in Dubai. Standard Chartered will support the expansion. The regulatory framework established by Dubai’s Virtual Assets Regulatory Authority is intended to provide a secure environment for the growth of digital assets.
“Working with Standard Chartered to launch our global retail services is a huge milestone for us,” said Eric Anziani, President and COO of Crypto.com.
“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,”
The service will first be available next month to customers in the UAE. Users in the region will be able to access Crypto.com’s products and services through the app. This includes the ability to trade over 250 cryptocurrencies. Crypto.com plans to expand the service to other countries in the future.
The company aims to offer the same services and financial infrastructure for deposits and withdrawals to a global audience.
Rola Abu Manneh, Chief Executive Officer, UAE, Middle East and Pakistan for Standard Chartered, added: “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.
In April of 2024, Crypto.com received its full license from Dubai’s virtual asset regulator VARA.
