Crypto.com Partners with Standard Chartered to Launch Global Retail Services

Crypto trading platform Crypto.com has teamed up with the global banking group Standard Chartered to offer retail services, including asset deposits, withdrawals, and trading of over 250 cryptocurrencies to users in more than 90 countries, reports PaySpace Magazine.

These services will be provided through Crypto.com's regional hub in Dubai. The United Arab Emirates offers a supportive environment for digital asset companies, with officials expressing long-standing interest in cryptocurrency, believing it will play a key role in the country's future global trade. The UAE's Virtual Assets Regulatory Authority (VARA) has established a reputation as a forward-thinking regulator, helping to position Dubai as a major hub for crypto activity.

Crypto.com was among the first platforms to receive full operational approval from VARA, launching its institutional investor exchange in April 2024. Now, the company is extending its services to retail customers. Through its partnership with Standard Chartered, the Crypto.com App will enhance customers’ crypto experience, offering improved efficiency and utility. Standard Chartered’s banking capabilities enable Crypto.com to provide secure banking and payment solutions, with near-instant processing of USD, EUR, and AED deposits and withdrawals.

“This collaboration with Standard Chartered to launch global retail services is a significant milestone for us,” said Eric Anziani, President and COO of Crypto.com. “It represents a major step in our global expansion, and aligns with our commitment to delivering a world-class customer experience while upholding top-tier security and compliance. Offering seamless fiat deposit and withdrawal capabilities is crucial to boosting adoption and realizing our vision of putting crypto in every wallet.”

The rollout of Crypto.com’s global retail services will start next month, initially serving customers in the UAE, before expanding worldwide. Founded in 2016, Crypto.com has already attracted over 100 million customers globally. In addition to its innovations, the company is committed to environmental responsibility, having invested in carbon dioxide removal technology from Climeworks last year to address the growing climate crisis.