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Crypto.com is a cryptocurrency and payment platform that provides a range of services related to digital assets, including a mobile wallet, exchange, debit cards, and more. Here is a brief history of ...
Crypto.com has expanded its global presence by gaining full operational approval in Dubai from the Virtual Asset Regulatory Authority (VARA), becoming the first exchange in the UAE to operate with fiat currency. This milestone signifies a significant step in their expansion strategy.
Crypto.com is replacing its South Korean exchange OK-BIT with a new platform, expanding its services in the country with plans for a crypto trading platform and partnerships with local banks for account authentication.
Crypto.com has been hit with a $3.1 million fine by the Dutch Central Bank for operating without registration in the Netherlands. Despite objections, the exchange has now registered to comply with regulations.
The sentiment of these news articles is positive towards cryptocurrency, as they highlight the significant growth in the number of worldwide cryptocurrency users, reaching 580 million by the end of 2023. The articles emphasize the increasing adoption and acceptance of digital currencies globally, despite challenges in the macroeconomic environment.
Crypto.com has added new trading pairs for Shiba Inu (SHIB) and Dogecoin (DOGE), creating an alliance between the three dog-themed cryptocurrencies. This move is part of Crypto.com's effort to capture a larger market share during the increased trading volume of meme coins like SHIB.
Crypto.com, a major crypto exchange, has obtained an Electronic Money Institution (EMI) license from the FCA in the UK. This license will allow Crypto.com to provide localized e-money products to customers in the country, joining other firms like Coinbase and Gemini who have obtained similar licenses to expand their product offerings in the UK.
Crypto.com's Dubai entity, CRO DAX Middle East FZE, has obtained a license from Dubai's regulator, pending final approval.
PayPal's stablecoin, built on Ethereum and backed by the U.S. dollar, was launched in August 2023.
Coinbase showed interest in acquiring FTX Europe to enhance its derivatives business and expand into the European market. However, the discussions did not progress further. The move signifies Coinbase's ambition to enter the derivatives market and expand its global reach. FTX Europe was the sole provider of crypto perpetual futures in Europe until its collapse in November.
Crypto.com has received approval from the De Nederlandsche Bank to provide cryptocurrency services in the Netherlands, making it a major achievement for the cryptocurrency exchange. This approval comes shortly after Binance's failure to secure registration in the country, highlighting Crypto.com's success in expanding its global presence.
Established in 2016, Crypto.com has gained the trust of over 80 million clients globally and stands as a top player in the realm of regulatory adherence, security, and privacy accreditations. Our mission is straightforward: Encourage Cryptocurrency Adoption for Allâ„¢. At Crypto.com, we are dedicated to promoting the use of digital currencies through inventive solutions and supporting the emerging generation of developers, innovators, and business leaders in crafting a more just and balanced digital landscape.
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