Crypto.com expands worldwide with the launch of global retail services backed by Standard Chartered

Crypto.com is expanding its reach, making cryptocurrency purchases more accessible across a wider array of countries. The company has unveiled its global retail services, now offering seamless deposit and withdrawal options for millions of Crypto.com App users in over 90 nations.

In a strategic move, Crypto.com announced on Thursday that it has teamed up with British multinational bank Standard Chartered to enhance its service offerings. This partnership introduces smooth USD, EUR, and AED deposit and withdrawal capabilities for UAE-based users, with near-instant transaction processing.

This expansion is anchored in Dubai, where Crypto.com’s new regional hub will facilitate the rollout of these services. Backed by Standard Chartered and Dubai’s Virtual Assets Regulatory Authority (VARA), this initiative promises a secure and robust environment for digital assets.

Starting today, customers in the UAE can enjoy Crypto.com’s premier retail products and services via the Crypto.com App, including the ability to buy, sell, and trade over 250 cryptocurrencies. The company plans to extend these services globally, ensuring users everywhere have access to top-tier financial products and streamlined deposit and withdrawal options.

Eric Anziani, President and COO of Crypto.com, highlighted the significance of this partnership:

“Launching our global retail services with Standard Chartered is a major milestone in our expansion efforts. It’s a key step in enhancing our global reach while maintaining exceptional security and compliance. Our goal is to make cryptocurrency as accessible as possible, with a vision of crypto in every wallet.”

Commenting on the partnership, Rola Abu Manneh, CEO of Standard Chartered for the UAE, Middle East, and Pakistan, said:  “We’re excited to support Crypto.com’s global growth with our tailored banking solutions, which enhance the accessibility and functionality of their retail services. This collaboration aligns with the UAE’s National Agenda, promoting innovation and economic diversification. By offering cutting-edge solutions, we’re helping position the UAE as a leading hub for digital assets,”

As part of this collaboration, Standard Chartered will provide Crypto.com with banking and payment solutions, enabling near-real-time processing of USD, EUR, and AED deposits and withdrawals on the Crypto.com App.

This announcement follows Crypto.com’s recent achievements, including receiving full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and launching the Crypto.com Exchange for institutional investors in April 2024.

Founded in 2016, Crypto.com serves over 100 million customers globally and is a leader in regulatory compliance, security, and privacy. The company’s mission is clear: Cryptocurrency in Every Wallet™. Through continuous innovation, Crypto.com is driving the adoption of cryptocurrency worldwide.

Standard Chartered, an international banking leader, operates in 53 of the world’s most dynamic markets and serves clients in 64 additional countries. With a commitment to fostering commerce and prosperity, Standard Chartered stands by its brand promise, “Here for Good.” The company is listed on the London and Hong Kong Stock Exchanges.