Crypto.com, a Singapore-based cryptocurrency exchange, has recently partnered with Standard Chartered, a leading multinational banking institution, to offer fiat services to retail users worldwide. This collaboration marks a significant milestone in Crypto.com’s global expansion plans, starting with the provision of banking and payment solutions to facilitate the deposits and withdrawals of USD, EUR, and AED on the Crypto.com app. These new services will initially be available exclusively to retail clients in the UAE, with plans to extend offerings globally through the exchange’s regional hub in Dubai.
The expansion of Crypto.com’s services is made possible by the regulatory framework established by Dubai’s Virtual Assets Regulatory Authority (VARA), which aims to promote the growth and development of digital assets. The exchange’s decision to offer fiat deposit and withdrawal services underscores its commitment to fostering crypto adoption and providing a world-class customer experience while maintaining high levels of security and compliance. According to Eric Anziani, President and COO of Crypto.com, working with Standard Chartered is a crucial step forward in achieving these goals.
Rola Abu Manneh, CEO of Standard Chartered’s UAE, Middle East, and Pakistan divisions, highlighted that the partnership with Crypto.com aligns with the UAE’s mission of becoming a regional and international digital asset hub. The tailored banking solutions provided by Standard Chartered aim to enhance the accessibility and functionality of Crypto.com’s retail services, in line with the UAE’s National Agenda that emphasizes innovation, economic diversification, and the growth of a knowledge-based economy.
In addition to the partnership with Standard Chartered, Crypto.com has recently made headlines for securing a multi-year partnership with the Union of European Football Associations (UEFA) to serve as the official global sponsor during the Champions League. Furthermore, Crypto.com launched an exchange for institutional investors and became one of the first crypto platforms to receive operational approval from VARA. These developments underscore the exchange’s commitment to innovation and expansion in the rapidly evolving cryptocurrency market.
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