- December 10, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Singapore-based Crypto.com has joined forces with Deutsche Bank to enhance its corporate banking capabilities, marking a milestone in the exchange’s global expansion efforts.
The collaboration, announced on Dec. 10, will focus on streamlining financial operations across key regions, including Singapore, Australia, and Hong Kong.
Through this partnership, Crypto.com will access advanced corporate banking tools designed to improve its operational efficiency goals and support its global expansion strategy. The exchange believes development highlights the exchange’s commitment to building a secure, scalable, and compliant financial framework in the competitive crypto industry.
Crypto.com’s general manager for APAC and MEA, Karl Mohan, emphasized the importance of the partnership, highlighting its role in strengthening the exchange’s commitment to compliance and security. He added:
“Teaming up with one of the world’s leading financial services providers further cements our, already strong, presence globally.”
Deutsche Bank echoed these sentiments, with Kriti Jain, its Head of New Economy Corporate Coverage for APAC, noting the alignment between the bank’s services and Crypto.com’s long-term growth objectives.
Aggressive expansion
The collaboration with Deutsche Bank comes as Crypto.com accelerates its global expansion, guided by its 2025 roadmap. In November, the exchange outlined plans to launch a stablecoin and an exchange-traded fund (ETF) to diversify its offerings.
On Dec. 9, Crypto.com took a significant step toward integrating traditional financial services by acquiring Orion Principals Limited, a licensed brokerage under the Abu Dhabi Global Market (ADGM). This acquisition allows Crypto.com to offer services like securities trading, contracts for difference (CFDs), options, and futures while ensuring regulatory compliance in the region.
Additionally, Crypto.com recently introduced a MasterCard-powered prepaid card in Bahrain, extending its presence in the Gulf Cooperation Council (GCC) region. The card, available across all tiers, offers up to 8% rewards and allows users to fund their accounts via the Crypto.com app using e-wallets or other cards.
These initiatives reflect Crypto.com’s aggressive innovation and market expansion approach, positioning the exchange as a leader in the evolving crypto landscape.
The post Crypto.com partners with Deutsche Bank for corporate banking amid Asia expansion appeared first on CryptoSlate.
