Crypto.com Announces The Launch Of New Retail Services In The UAE
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Crypto.com stated that it has rolled out its global retail services. According to the announcement, the new service will enable the users of the firm’s app in more than 90 countries to easily deposit and withdraw funds. Crypto.com stated that the new service improves the utility and efficiency of the cryptocurrency transactions of users. The new service is possible with the collaboration of Standard Chartered.
President and Chief Operating Officer of Crypto.com commented on the development. He stated that Crypto.com’s regional branch in Dubai will manage the global retail services of the company. The expansion will be supported by Standard Chartered, based on an initial deal.
Crytpo.com Wants To Maintain The Highest Level Of Compliance In The UAE
Crytpo.com is serious about cementing its position in the Dubai region because of the encouraging regulatory environment orchestrated by Dubai’s Virtual Assets Regulatory Authority. The regulatory body offers a secure environment for the growth and expansion of the digital assets industry.
Anziani also stated that the company’s collaboration with Standard Chartered to roll out a global retail service is a major milestone for its overall objectives.
Apart from being a major step in the firm’s expansion journey, the partnership will also aid the firm in providing a world-class customer experience. It will also help the company to maintain the highest level of compliance and security.
Chief Executive Officer of Standard Chartered, UAE, Rola Abu Manney, also commented on the new service. He said users in the region can use the products and services of Crypto.com via the app. It will initially be available to customers in the UAE next month with plans to extend it to other regions in the future.
The Service Will Offer Cutting-Edge Solutions To Customers In The Region
The service includes the ability to trade more than 250 crypto assets. The firm wants to offer these services to clients in other jurisdictions, but the starting point will be the UAE.
Manneh also noted that the partnership is in line with the region’s National Agenda, which emphasizes economic diversification, innovation, and the expansion of a knowledge-based economy. He believes the collaboration with Crypto.com is a notable achievement for both parties as it will ensure the expansion of crypto services in the region and enable more e-commerce.
The services will offer cutting-edge solutions that will meet the needs of clients and customers across the region. Manneh says the company is adding to the region’s vision of becoming both a regional and international center for digital assets.
