By partnering with Deutsche Bank, Crypto.com wants to achieve several of its ambitions. The exchange, which has revealed its roadmap for the year 2025, is seeking more than ever to diversify its portfolio of services and products, in particular by intervening in traditional finance, alongside cryptocurrencies.
A partnership to fulfill Crypto.com ambitions in the Asia-Pacific region
Crypto.com announced this week the signing of a new partnership with the German bank Deutsche Bank. For the exchange, this collaboration aims to provide banking services to companies present in the Asia-Pacific regionincluding the Australian, Hong Kong and Singaporean markets.
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Currently, in the Asia-Pacific region, Crypto.com is based in Singapore. However, the exchange intends to strengthen its presence there, as evidenced by one of its recent acquisitions.
In fact, in November, the company bought Australian trading company Fintek Securitiesthus allowing it to offer financial products to its Australian users via a platform already present in the country.
Besides Australia, Crypto.com is looking to find a place in Hong Kong. The company is notably one of the entities eligible to obtain a license allowing it to offer products and services related to cryptocurrencies within the special administrative region.
Following the announcement of the partnership between Crypto.com and Deutsche Bank, Kriti Jainhead of the German bank for the Asia-Pacific region, said he was delighted “ to support Crypto.com's strategic activities in Asia-Pacific ». She also clarified that “ solid experience » from Deutsche Bank will help « Crypto.com to achieve its long-term growth ambitions “.
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The exchange seeks to diversify its activities while strengthening its presence on the global stage
In addition to its desire to establish itself sustainably within the Asia-Pacific region, the exchange wishes to strengthen its presence throughout the world thanks to this partnership. This is what was specified Karl MohanManaging Director of Asia Pacific and Middle East & Africa and Global Head of Banking Partnerships at Crypto.com:
This is a crucial relationship for us and one that further underlines our commitment to security and compliance. Teaming up with one of the world's leading financial services providers further strengthens our already strong global presence and we are delighted to strengthen this presence with the support of Deutsche Bank.
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Also, Crypto.com intends to diversify its activities, by offering its customers to invest in traditional financial productsin addition to cryptocurrency trading. This is what indicates the road map recently unveiled by the company for its 2025 year.
This is why in October the exchange acquired THE American broker Watchdog Capitala platform registered with the Securities and Exchange Commission (SEC), allowing it to offer stock and options trading to its American clients.
Source: Press release
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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