Crypto.com announced a partnership with Standard Chartered Bank to expand its Global Retail Services. This collaboration aims to enhance the efficiency and utility of crypto transactions for millions of users worldwide.
New Retail Services in the UAE
Starting next month, the new retail services will be rolled out to customers in the UAE. Users will gain access to Crypto.com’s suite of products and services via the Crypto.com App. This includes the ability to buy, sell, and trade more than 250 cryptocurrencies.
Supporting Dubai’s Digital Asset Vision
The partnership builds on Crypto.com’s recent achievements, including full operational authorization from Dubai’s Virtual Assets Regulatory Authority (VARA) in April 2024. This milestone made Crypto.com one of the top crypto platforms in the UAE that can handle fiat transactions. Additionally, the exchange has been making headlines with its sponsorship deal for the UEFA Champions League, where it became the inaugural cryptocurrency partner of this prestigious football tournament.
Benefits of the Partnership
Standard Chartered will provide tailored banking and payment solutions for Crypto.com’s client money accounts. This includes near-real-time processing of deposits and withdrawals in USD, EUR, and AED. The integration of these solutions is expected to streamline financial transactions, making it easier for users to manage their crypto assets.
It is evident that Crypto.com’s partnership with Standard Chartered Bank marks a significant milestone in their quest for global expansion. Users worldwide will benefit from an improved and reliable infrastructure for crypto transactions.
