Crypto.com announces collaboration with Deutsche Bank to provide corporate banking services in Singapore, Australia, and Hong Kong.
Crypto.com Announces Crypto and Banking Collaboration
Crypto.com’s new partnership with Deutsche Bank aims to enhance banking services for its operations in the Asia-Pacific region. Services include digital asset custody, fiat-to-crypto exchange, and cross-border trading. Both companies plan to extend their partnership to the UK and Europe soon.
Strengthening Crypto.com’s Regional Footprint
The cryptocurrency exchange continues to grow its presence in the region. It recently acquired Fintek Securities in Australia, enabling traditional financial product offerings, and gained recognition as a “deemed to be licensed” entity in Hong Kong by the Securities and Futures Commission.
Asia-Pacific: A Hub for Crypto Adoption
Regions like Singapore, Hong Kong, and the UAE are leading global crypto adoption, supported by robust banking systems, investments, and regulatory frameworks. Singapore ranks as the top destination for crypto firms, per a Henley & Partners report.
Diversifying with Traditional Finance
Crypto.com is integrating traditional financial services into its offerings. The company’s roadmap for 2025 includes stocks, derivatives trading, credit cards, and yield on cash balances. It also acquired Watchdog Capital in the U.S. to provide stocks and equity options trading.
Broadening Horizons
With partnerships like Deutsche Bank and acquisitions, Crypto.com is setting a precedent for crypto exchanges blending into the traditional financial ecosystem.
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