Crypto.com Partners with Deutsche Bank to Expand to Asian-Pacific Markets

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Crypto.com has joined forces with Deutsche Bank to provide corporate banking services in the Asian-Pacific region, including countries like Singapore, Australia, and Hong Kong. Deutsche Bank offers services such as digital assets custody, fiat-to-crypto exchange, and cross-border trading to crypto businesses.

The partnership has plans to expand to the United Kingdom and other European countries in the near future. Based in Singapore, Crypto.com has been actively expanding in the Asian-Pacific region. In November, the exchange acquired Fintek Securities, an Australian brokerage and trading company, which allows them to offer traditional financial products to users in the country through a regulated platform.

In Hong Kong, Crypto.com is listed as ‘deemed to be licensed’ by the Securities and Futures Commission, as the regulator plans to issue permits to at least 11 digital asset firms operating in the region. This partnership comes at a time of strong growth in crypto adoption in the Asian-Pacific region.

According to a recent study, Singapore, Hong Kong, and the United Arab Emirates rank among the top countries for global crypto adoption. Singapore took the top spot, largely due to its well-established banking system, significant investments, and comprehensive regulations for digital assets companies.