Crypto.com Expands Global Retail Services with New Dubai Hub

Crypto.com is set to launch a global retail service that will streamline deposit and withdrawal processes for millions of users in over 90 countries. This significant expansion will enhance the functionality and ease of cryptocurrency transactions for its app users worldwide.

The new global retail services will operate from Crypto.com’s regional hub in Dubai. Supported by Standard Chartered and regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), this initiative aligns with Crypto.com’s strategy to broaden its global reach. The secure regulatory environment fostered by VARA is key to facilitating the growth of digital assets in the region.

Starting next month, Crypto.com users in the UAE will gain access to a comprehensive range of retail products and services via the app. These offerings include the ability to buy, sell, and trade over 250 cryptocurrencies. After the initial rollout in the UAE, Crypto.com plans to extend these services to retail customers globally, maintaining the same high standards for deposits and withdrawals.

Strategic Partnerships and Expansion

Eric Anziani, President and COO of Crypto.com, emphasized the importance of partnering with Standard Chartered to launch these services. He noted that this collaboration is a crucial step in Crypto.com’s global expansion and reflects their commitment to delivering a secure and compliant customer experience. Anziani highlighted that offering seamless fiat deposit and withdrawal options is essential to driving broader adoption of cryptocurrencies.

Rola Abu Manneh, CEO of Standard Chartered UAE, pointed out that this partnership supports the UAE’s National Agenda focused on innovation and economic diversification. She believes that by providing banking solutions that enhance the accessibility and functionality of Crypto.com’s retail services, this collaboration contributes to the UAE’s goal of becoming a key hub for digital assets.

Standard Chartered’s role in this initiative includes offering banking and payment solutions that enable near-real-time processing of deposits and withdrawals in multiple currencies, including USD, EUR, and AED, via the Crypto.com App. This expansion follows Crypto.com’s earlier achievement of becoming one of the first crypto platforms to receive full operational approval from Dubai’s VARA, as well as the launch of its exchange for institutional investors in April 2024.