The Singapore-based crypto exchange Crypto.com announced its European expansion strategy after receiving regulatory approval from the Cyprus Securities and Exchange Commission (CySEC).
The approval allows Crypto.com to offer a variety of products and services to customers in Cyprus in accordance with local regulations.
The exchange begins its global dominance by receiving similar registration green lights in Greece, Italy, Singapore, and Dubai.
Kris Marszalek, Co-Founder and CEO of Crypto.com said, “Europe is a priority region for Crypto.com and our continued expansion in the market is a testament to our commitment to compliance and collaboration with regulators.”
Following similar approval from Cyprus’s financial regulators, FTX is another exchange that began offering services in Europe and the Middle East in March.