Crypto.com, a Singapore-based crypto exchange, has launched a new retail services division to expand access to U.S. dollars, euros, and UAE dirhams in partnership with Standard Chartered. Managed from Crypto.com’s regional hub in Dubai, the service will be available in 90 countries.
“This is a major step in our global expansion and reinforces our commitment to delivering a world-class customer experience with top-notch security and compliance,” said Eric Anziani, President and COO of Crypto.com, in a statement released Thursday.
The service will enable seamless fiat deposits and withdrawals via the Crypto.com App, starting next month with customers in the UAE before expanding globally. Standard Chartered will provide tailored banking and payment solutions.
Dubai, a growing hub for crypto activity since launching its Virtual Assets Regulatory Authority (VARA) in 2022, hosts Crypto.com’s regional operations. The exchange, founded in 2016, was among the first to gain regulatory approval in the region and has since established an institutionally-focused unit there.
“This collaboration aligns with the UAE’s National Agenda, which emphasizes innovation, economic diversification, and the growth of a knowledge-based economy,” said Rola Abu Manneh, Standard Chartered’s CEO for the UAE, Middle East, and Pakistan regions.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
