TL;DR
- Global Retail Services Launch: Crypto.com has launched global retail services from its Dubai hub, enabling seamless deposit and withdrawal capabilities for users in over 90 countries.
- Partnership with Standard Chartered: The services are facilitated through a partnership with Standard Chartered, enhancing banking and payment solutions.
- Regulatory Support: Supported by Dubai’s Virtual Assets Regulatory Authority (VARA), the initiative ensures a secure and compliant environment for digital asset growth.
Crypto.com has announced the launch of its global retail services from its regional hub in Dubai. This significant development aims to enhance the efficiency and utility of cryptocurrency transactions for millions of users worldwide.
The new services will enable seamless deposit and withdrawal capabilities for users of the Crypto.com App across more than 90 countries.
This initiative is expected to significantly improve the customer experience by providing near-real-time processing of deposits and withdrawals in USD, EUR, and AED. The services will be rolled out initially in the UAE, with plans to extend them globally.
Partnership with Standard Chartered
Crypto.com has partnered with Standard Chartered to facilitate these services. The collaboration will provide banking and payment solutions that enhance the functionality and accessibility of Crypto.com’s retail services.
Rola Abu Manneh, CEO of Standard Chartered in the UAE, highlighted that this partnership aligns with the UAE’s National Agenda, focusing on innovation and economic diversification.
Regulatory Support from VARA
The launch is supported by Dubai’s Virtual Assets Regulatory Authority (VARA), which has established a secure regulatory framework to foster the growth of digital assets.
This framework ensures a compliant and secure environment for Crypto.com’s expansion strategy. Eric Anziani, President and COO of Crypto.com, emphasized that the introduction of effortless fiat deposit and withdrawal options is crucial for increasing the adoption of cryptocurrencies.
Future Prospects
Beginning next month, residents of the UAE will be able to access a range of retail products and services from Crypto.com through its app. This will allow them to buy, sell, and trade more than 250 different cryptocurrencies.
Following the initial rollout, the service will be gradually extended to retail customers worldwide, offering the same advanced products and financial infrastructure.
This development marks a significant milestone in Crypto.com’s global expansion efforts, reinforcing its commitment to providing a secure and compliant customer experience.
