Crypto.com Partners with Deutsche Bank to Expand Banking Services
11.12.2024 11:30 1 min. read Alexander Zdravkov
Crypto.com has partnered with Deutsche Bank to offer corporate banking services across the Asia-Pacific region, including Singapore, Australia, and Hong Kong.
The collaboration will enable Deutsche Bank to provide digital asset custody, fiat-to-crypto exchanges, and cross-border trading to crypto businesses. The companies are considering expanding their partnership into the UK and Europe.
Based in Singapore, Crypto.com continues to grow in the region, recently acquiring Australian brokerage Fintek Securities to offer traditional financial products. In Hong Kong, Crypto.com operates under a ‘deemed to be licensed’ status while awaiting official regulatory approval.
Crypto adoption in the region is booming, with Singapore, Hong Kong, and the UAE leading the way. Crypto.com is diversifying by adding traditional financial services, with plans for stocks, derivatives, banking services, and credit card solutions in 2025. The exchange also acquired U.S. broker-dealer Watchdog Capital to expand its offerings to U.S. traders.
Other exchanges, like OKX, are following suit, with OKX introducing fiat deposits and withdrawals in Singapore after securing a local payment institution license.
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