Crypto.com Launches New Global Retail Services, Starting in UAE

Coinspeaker
Crypto.com Launches New Global Retail Services, Starting in UAE

Crypto.com has officially rolled out its Global Retail Services, a major step in expanding its offerings to retail users worldwide.

This new initiative, beginning in the UAE, will significantly enhance the Crypto.com App by providing seamless deposit and withdrawal options for users in over 90 countries.

The launch in the UAE is the first step in Crypto.com’s plan to expand its global presence. Users in the UAE can now access a full range of retail services through the Crypto.com App, which allows them to buy, sell, and trade over 250 cryptocurrencies. This initiative is designed to simplify and enhance the efficiency of users’ cryptocurrency transactions.

Standard Chartered is instrumental in this expansion by offering banking and payment solutions that allow for nearly instant processing of deposits and withdrawals in USD, EUR, and AED. This collaboration, along with the favorable regulatory environment created by Dubai’s Virtual Assets Regulatory Authority (VARA), provides a secure foundation for the growth of digital assets.

Eric Anziani, President and COO of Crypto.com, highlighted that the launch marks a pivotal moment in their global expansion strategy, with the partnership with Standard Chartered playing a key role. He mentioned that the new service is designed to enhance the customer experience by providing secure and streamlined options for fiat deposits and withdrawals.

The rollout of Global Retail Services builds on a series of key accomplishments for Crypto.com. In April 2024, the company achieved full operational authorization from Dubai’s VARA, a milestone that positioned it among the pioneering global crypto platforms to handle fiat transactions in the UAE. This development paved the way for the launch of the Crypto.com Exchange, designed specifically for institutional investors.

In mid-August, Crypto.com garnered attention with its new sponsorship deal for the UEFA Champions League. As the inaugural cryptocurrency partner of this esteemed football tournament, Crypto.com will enjoy substantial brand visibility across various UEFA events. The partnership covers sponsorship of the UEFA’s broad list of tournaments, beginning with the 2024 Super Cup.

On August 28, Crypto.com announced its new integration with PayPal for US users, boosting the platform’s accessibility. This feature enables users to connect their PayPal and Crypto.com accounts, streamlining the process for buying and transferring cryptocurrencies.

Crypto.com’s launch of Global Retail Services in the UAE is a crucial step in its global expansion strategy. As the company extends its services to other regions, it aims to provide the same level of high-quality products and financial solutions worldwide.

This global rollout is part of Crypto.com’s broader vision to make cryptocurrency accessible and integrated into everyday financial transactions, reinforcing its commitment to expanding cryptocurrency adoption globally.

Crypto.com Launches New Global Retail Services, Starting in UAE