Crypto.com Expands Retail Services in Partnership with Standard Chartered

Singapore-based crypto exchange Crypto.com has unveiled a new retail services business to expand access to U.S. dollars, euros, and United Arab Emirates dirham. This initiative is launched in partnership with Standard Chartered.

The global retail services will be managed from Crypto.com’s regional hub in Dubai and will be available in 90 countries.

“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,”
Eric Anziani, President and COO of Crypto.com, stated in a Thursday announcement.

The service will support “seamless” fiat deposits and withdrawals via the Crypto.com App, beginning next month with customers in the UAE, and will expand from there. Standard Chartered Bank is providing the “tailored” banking and payment solutions.

Dubai has become a crypto activity hub since launching its Virtual Assets Regulatory Authority (VARA) in 2022. Founded in 2016, Crypto.com was one of the first exchanges to gain regulatory approval in the region where it established its hub and launched an institutionally-focused unit.

“This collaboration closely aligns with the UAE’s National Agenda which emphasizes innovation, economic diversification, and the growth of a knowledge-based economy,” said Rola Abu Manneh, Standard Chartered’s CEO for the UAE, Middle East, and Pakistan regions.