With regulatory approvals and expansion efforts, Crypto.com is bridging the gap between crypto and traditional finance.
By Chimamanda U. Martha
Edited by Julia Sakovich
Updated
3 mins read
Crypto.com has taken a major step in expanding its European presence, rolling out its full suite of services, including spot and derivatives trading, to all European Economic Area (EEA) member states. The expansion follows the company’s latest regulatory approval in Malta, allowing it to operate across the region under the EU’s Markets in Crypto-Assets Regulation (MiCA) framework.
The Singapore-based exchange, led by CEO Kris Marszalek, secured a full Class 3 Virtual Financial Assets (VFA) license from the Malta Financial Services Authority (MFSA) in January. This license allows Crypto.com to legally passport its services across all 27 EU nations while keeping its European headquarters in Malta.
With this expansion, the company is deepening its footprint in key European markets, including Germany, France, and the Netherlands, regions known for their active crypto trading communities.
Announcing the latest development today on X, the company claimed its presence across all EEA countries will help increase the adoption and accessibility of digital assets throughout the region.
https://t.co/vCNztATkNg is proud to confirm from today it can provide crypto asset services cross border to all EEA Member States
We look forward to raising our brand profile in vital European markets and attracting more customers to our industry-leading platform. pic.twitter.com/wrJY4J2Uxe
— Crypto.com (@cryptocom) February 12, 2025
Crypto.com said its recent license acquisition is proof of its commitment to regulatory standards across Europe. Earlier this year, the exchange made headlines when it delisted Tether’s USDT and nine other digital assets due to their lack of compliance with MiCA rules.
The company said it has already halted deposits for the affected cryptocurrencies, while withdrawals will remain available until the end of Q1 2025, after which they will be completely phased out.
Despite its strong focus on the European market, Crypto.com has also been making moves in the United States. While the company has long operated a spot trading platform for retail users, it recently launched a dedicated institutional-grade exchange to serve hedge funds and asset managers looking for a regulated crypto trading venue. The move comes following the inauguration of Donald Trump as the 47th president of the United States.
Last year, the company opened a prediction market for sports fans in the US.
Outside the US, Crypto.com is also expanding in the Middle East. The company is already regulated by Dubai’s Virtual Assets Regulatory Authority (VARA) and recently acquired Orion Principals Limited, a brokerage licensed by the Abu Dhabi Global Market (ADGM).
According to the company, the acquisition allows it to offer financial products to institutional and retail investors in the UAE.
To better service its users worldwide, Crypto.com revealed that part of its plan for the year includes diversifying its range of financial services in response to growing market demand. The company said it plans to introduce stock and stock options trading within the first three months of 2025 to allow users to invest in traditional markets directly from its platform.
Additionally, Crypto.com is working on expanding its banking services, with plans to offer personal multi-currency and cash savings accounts. The firm is also setting its sights on launching a Crypto.com-branded stablecoin in Q3 2025.
The company confirmed in its 2025 roadmap that another key initiative on the horizon is filing for an exchange-traded fund (ETF) focused on its native token, Cronos (CRO), a move that could bring institutional investors into the CRO ecosystem.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
