A new report has indicated that Binance and Crypto.com are losing market share to smaller competitors as decentralized exchanges (DEXs) gain popularity. Binance, the largest cryptocurrency exchange globally, saw a 13% drop in spot trading volume over the past year, declining from 52.5% in October 2023 to 39.5% in October ...
Crypto.com has launched new global retail services in partnership with Standard Chartered Bank. According to a recent press release by the Singapore-based crypto exchange, the new services will allow users in over 90 countries to deposit and withdraw US dollars, euros, and United Arab Emirates dirhams through the Crypto.com app. ...
Crypto.com is now licensed to offer the full range of its crypto services, including crypto-to-fiat exchanges and fiat wallets, to citizens in Ireland after receiving regulatory approval. The exchange, in a recent announcement, noted that the Central Bank of Ireland has approved its application to operate as a Virtual Asset ...
Popular centralized digital asset exchange Crypto.com has announced the impending launch of its new and improved mobile app in South Korea. The new app, Crypto.com App, will replace the local crypto exchange platform OK-BIT, which Crypto.com acquired in 2022. The exchange gave a 30-day notice to users of the OK-BIT ...
Crypto.com has obtained a VASP License from Dubai's VARA and is proceeding to the final stage of regulatory approval for virtual asset services in the region. The crypto exchange announced this development in an official statement published on November 14, 2023. In the statement, crypto.com noted that the licence positions ...
After undergoing a rigorous examination of its operations, Crypto.com is now fully registered as an authorized cryptocurrency service provider in the Netherlands.It joins the 36 cryptocurrency-related businesses that have been given regulatory approval by the De Nederlandsche Bank (DNB). Notable crypto companies like Coinbase Europe, eToro, and Bitstamp are also ...
Major cryptocurrency exchanges have resumed trading XRP on their platforms after Ripple Labs scored a partial victory in its lawsuit against the United States Securities and Exchange Commission (SEC). Crypto.com and Kraken led the way as both exchanges announced on July 13, 2023, during Asian trading hours, that XRP has ...
Crypto.com has obtained regulatory approval from the Bank of Spain to operate as a virtual asset service provider in the country. This licence enables Crypto.com to offer a wide range of cryptocurrency-focused services to clients in Spain. In order to obtain this approval, Crypto.com underwent a thorough assessment to ensure ...
Crypto.com has been accused of engaging in internal proprietary trading activities. According to a report by The Financial Times, the exchange is said to have taken steps to conceal these trading operations and instructed employees to deny any involvement in internal market-making activities. In response to the allegations, Crypto.com has ...
Crypto.com has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) o offer its Digital Payment Token (DPT) services to consumers in Singapore. The crypto exchange revealed this in an announcement on June 1, 2023. The license signifies Crypto.com's compliance with Singaporean regulations and solidifies ...
