Highlights:
- Crypto.com expands with Fintek to offer regulated financial services in Australia.
- The 2025 roadmap brings stock trading, banking, and stablecoin, blending crypto and traditional finance.
- Global growth includes debit cards in new regions, AI trading tools, and loyalty rewards for users.
Crypto.com has acquired Fintek Securities Pty Ltd., a licensed brokerage based in Australia. As a provider of financial services, Fintek complies with the Australian Securities and Investments Commission (ASIC). This acquisition enhances Crypto.com’s reach in the traditional finance fields.
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The deal enables Crypto.com to expand and provide regulated financial services in Australia. With this, the company hopes to diversify its traditional finance product portfolio.
Today we’re proud to announce the acquisition of Australia-based Fintek Securities Pte Ltd.
This acquisition will allow us to offer deposit products, derivatives, securities, foreign exchange, and managed investment schemes to more users in Australia.
This is another solid step… pic.twitter.com/85ydR8WL5B
— Crypto.com (@cryptocom) November 14, 2024
Earlier, Crypto.com also bought Watchdog Capital, a US-registered broker-dealer. This helped expand its market in America’s financial markets as a whole.
The CEO, Kris Marszalek, has highlighted that the company aims to bridge the gap between cryptocurrencies and the normal financial industry. According to him, Crypto.com is one platform that seeks to make the financial journey of the users easier.
Growth Strategy into Traditional Markets
Crypto.com is gradually diversifying from offering services related to cryptocurrencies alone. The company now provides a variety of financial tools and services that combine decentralized digital currencies and centralized financial instruments.
Marszalek pointed out the necessity to give the clients a broader choice. According to him, such integration of services is advantageous to the customers in that all their needs are well catered for in one place. Crypto.com users will be able to get deposit accounts, savings products, and securities trading services soon. They will also be allowed to participate in managed investment schemes and foreign exchange services.
This transition aligns with Crypto.com’s strategy of expanding its clientele base. The platform will soon offer stock trading services through a partnership with Watchdog Capital. The aim is to provide a convenient platform for trading cryptocurrencies and traditional financial assets.
2025 Roadmap Unveiled
Crypto.com has laid down big goals for 2025. The company will launch more established financial solutions, including checking accounts and credit cards. These will help make Crypto.com a one-stop shop for all financial needs. The move will provide an opportunity for its customers to use both cryptocurrencies and traditional money on the same platform. The platform will also have the capacity to manage personal banking services for improved user experience.
2025 will be a transformational year for the crypto industry, and https://t.co/vCNztATSCO.
We're expanding our CRYPTO offerings, while adding STOCKS, BANKING, and more CARDS!*
Check out our complete roadmap, and let us know what you're most excited about:… pic.twitter.com/gXvUlxbNmN
— Crypto.com (@cryptocom) November 6, 2024
Crypto.com also aims to add stock and ETF trading by early 2025. Watchdog Capital will function as a stock exchange for users based in the United States of America. Crypto.com is also expected to launch its stablecoin.
Global Expansion Plans
Another area that Crypto.com is focusing on is its expansion in international markets. The company will expand the fiat on/off ramps services in other areas such as the UAE and South Korea. Plans also involve launching debit cards in Latin America, Africa, and the Middle East. In the United States, Crypto.com will introduce credit cards by mid-2025.
The platform’s expansion into new markets signals confidence in its global growth strategy. Crypto.com is also developing tools to improve trading efficiency. The upcoming Cronos One platform will offer AI-powered trading for optimized results.
Another planned feature, the Singularity API, aims to enhance trading for high-frequency traders. The platform’s rewards program, Level Up, will provide bonuses for loyal users. Crypto.com expects these offerings to attract both retail and institutional clients.
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