Retail consumers using Crypto.com have gained a new service from the cryptocurrency exchange enabling them to deposit and withdraw funds more seamlessly.
Crypto.com’s launch of its global retail services seeks to accelerate the transferring of funds on the platform from more than 90 countries, improving on the efficiency and utility of the crypto-to-fiat, or fiat-to-crypto transaction process.
Crypto.com’s global retail services will be offered to users around the world through the company’s regional hub in Dubai. The expansion is powered by Standard Chartered and the regulatory framework established by Dubai’s Virtual Assets Regulatory Authority (VARA).
Eric Anziani, President and COO of Crypto.com, said: “Working with Standard Chartered to launch our global retail services is a huge milestone for us. Not only is it a significant step forward in our global expansion plans, but also enables our commitment to delivering a world-class customer experience whilst maintaining the highest levels of security and compliance.
“Being able to offer our global customers effortless fiat deposit and withdrawal capabilities is key to increasing adoption and reaching our vision of crypto in every wallet.”
The launch will initially begin rolling out next month to customers across the UAE, gaining access Crypto.com’s retail products and services via the Crypto.com App, including the ability to buy, sell and trade more than 250 cryptocurrencies. Following this, Crypto.com will progressively expand the service to retail customers across the globe.
The partnership with Standard Chartered see’s the bank provide Crypto.com with banking and payments solutions for its client money accounts, enabling near-real time processing of USD, EUR and AED deposit and withdrawals on the Crypto.com App.
Rola Abu Manneh, CEO of Standard Chartered, UAE, Middle East and Pakistan for Standard Chartered, added: “We are pleased to support Crypto.com’s global expansion by providing tailored banking solutions that enhance the accessibility and functionality of their retail services. This collaboration closely aligns with the UAE’s National Agenda which emphasises innovation, economic diversification, and the growth of a knowledge-based economy.
“By providing cutting edge solutions that meet the evolving needs of customers across the UAE and beyond, we are contributing to the UAE’s vision of becoming a regional and international hub for digital assets.”
