Crypto.com just made it easier to get in and out of the game. What do we mean?
Singapore-based cryptocurrency exchange, Crypto.com, has teamed up with Standard Chartered Bank to launch new global retail services, allowing customers to transact in United States Dollars, Euros, and United Arab Emirates Dirhams.
This move broadens Crypto.com’s reach, enabling users in over 90 countries to deposit and withdraw these fiat currencies through the Crypto.com app.
The collaboration marks a significant milestone for Crypto.com, especially with its initial rollout in the UAE, which is known for its strict consumer protection standards. Backed by Dubai’s Virtual Assets Regulatory Authority (VARA), this expansion is supported by a robust regulatory framework that ensures enhanced security and transparency.
In the latest crypto news, Eric Anziani, Crypto.com’s president and chief operating officer, emphasized the importance of this partnership, highlighting:
Being able to offer our global customers effortless fiat deposit and withdrawal capabilities is key to increasing adoption and reaching our vision of crypto in every wallet.”
The partnership also reinforces trust within the crypto industry, leveraging Standard Chartered Bank’s global reputation. By associating with a well-established financial institution, Crypto.com aims to simplify crypto transactions for its users, building confidence and encouraging broader adoption.
In addition to this, Crypto.com made headlines on August 14 by securing an exclusive partnership with the UEFA Champions League. This collaboration positions Crypto.com as the official global sponsor, connecting the exchange with sports fans worldwide and potentially boosting crypto awareness among mainstream audiences.
With these strategic moves, Crypto.com continues to strengthen its presence in the global market, offering enhanced services and fostering a deeper connection between traditional finance and the world of cryptocurrencies.
