Crypto.com Launches Global Retail Services from Its Dubai Hub

Crypto.com, the industry leader in regulatory compliance, security and privacy, has launched global retail services, including the ability to provide seamless deposit and withdrawal facilities for millions of retail users of the Crypto.com App from over 90 countries, vastly improving the efficiency and utility of customers’ crypto journeys.

Crypto.com’s global retail services will be rolled out to users around the world through the company’s regional hub in Dubai. This expansion is powered by Standard Chartered and the forward-thinking regulatory framework established by Dubai’s Virtual Assets Regulatory Authority (VARA), ensuring a robust and secure environment supporting the growth of digital assets.

The launch begins rolling out next month to customers across the UAE who will be able to access Crypto.com’s industry leading 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, providing them with the same market-leading products and services and superior financial rails for deposits and withdrawals.

The collaboration between Crypto.com and Standard Chartered reflects a broader trend towards integrating traditional finance with the burgeoning crypto ecosystem.

Earlier this week, Crypto.com has entered into a deal with PayPal to offer crypto purchases for users in the US. The feature, which will soon be available beyond the US, will allow users to connect their PayPal and Crypto.com wallets to transfer funds from the former to the latter to buy cryptocurrencies.

A Step Forward

Crypto.com’s President and CEO Eric Anziani said that working with Standard Chartered to launch their global retail services is a huge milestone for the company. Not only is it a significant step forward in Crypto.com’s global expansion plans, but also enables their commitment to delivering a world-class customer experience whilst maintaining the highest levels of security and compliance, he said.

“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,” Anziani added.

Rola Abu Manneh, CEO of Standard Chartered for UAE, Middle East and Pakistan said that they will 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,” Rola added.

Standard Chartered is now providing Crypto.com with banking and payments solutions for their client money accounts, enabling near-real time processing of USD, EUR and AED deposit and withdrawals on the Crypto.com App.