Deniz 
Working with Standard Chartered, Singapore-based crypto exchange Crypto.com has launched a new retail services business to increase access to U.S. dollars, euros, and United Arab Emirates dirham. Available in 90 countries, the worldwide retail services will be handled out of Crypto.com’s regional base in Dubai.
“Not only is it a major step forward in our global expansion plans, but it also enables our commitment to delivering a world-class customer experience whilst maintaining the highest degrees of security and compliance,” President and COO of Crypto.com Eric Anziani said in a statement released Thursday.
Beginning with consumers in the UAE and working from there, the service—which will offer “seamless” fiat deposits and withdrawals via the Crypto.com App—rolls out next month. Standard Chartered Bank is offering the “tailored” payment and banking solutions.
Since the emirate introduced its tailored Virtual Assets Regulatory Authority (VARA) legislative framework in 2022, Dubai has grown to be a center of crypto activity. Founded in 2016, Crypto.com was among the first exchanges to get permission to operate in the area, setting up a regional headquarters and starting an institutionally focused division.
Rola Abu Manneh, Standard Chartered’s CEO for the UAE, Middle East, and Pakistan regions, said, “This cooperation closely aligns with the UAE’s National Agenda, which emphasizes innovation, economic diversification, and the growth of a knowledge-based economy.”
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