Crypto.com is expanding its range of services with the acquisition of Fintek Securities, a licensed Australian brokerage regulated by the Australian Securities and Investments Commission (ASIC).
Announced on November 14, this acquisition allows the crypto exchange to offer an expanded suite of services to eligible Australian users, including deposit products, securities, derivatives, foreign exchange, and managed investment schemes.
CEO Kris Marszalek stated that the acquisition aligns with Crypto.com’s vision of becoming a comprehensive financial platform. He also mentioned that by the end of the year, the platform intends to roll out additional services, including crypto derivatives and stock trading, through its subsidiaries.
According to the announcement, this acquisition is Crypto.com’s second move to bolster its traditional brokerage capabilities. In late October, the company acquired Watchdog Capital, a U.S.-based brokerage firm, to offer equities and equity options to eligible U.S. investors. Notably, Watchdog is registered with the U.S. Securities and Exchange Commission (SEC) and operates under the regulatory oversight of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
In addition to expanding its service offerings, Crypto.com recently launched initiatives to improve user access to banking services through partnerships, as well as credit card and equity options for eligible users. Under its new “Level Up” program, the exchange will offer a tiered rewards structure that spans its core products and upcoming services, including credit cards, equities, equity options, and deposit and savings accounts.
The crypto exchange is also actively forming strategic partnerships to support its growth. It partnered with Standard Chartered Bank in August to expand its global retail services. This expanded offering will enable users in over 90 countries to deposit and withdraw USD, EUR, and AED through the app. Initially, this service will be available in the UAE and is expected to gradually expand to other regions.
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