Crypto.com Joins Forces With Germanys Deutsche Bank to Offer Banking Services
The leading Singaporean digital asset trading platform, Crypto.com, has announced a partnership with Deutsche Bank, a German-based multinational investment bank and financial services company, to offer banking services to users in select countries.
According to an official release, Crypto.coms corporate banking services will be available to customers in Singapore, Australia, and Hong Kong for starters. The crypto exchange and banking entity intends to expand the reach of the partnership to Europe and the United Kingdom in the future.
Crypto.com Partners Deutsche Bank
Crypto.com said the latest development is a milestone for its operations. It will enhance banking services and establish a strong foundation in select regions.
Deutsche Banks head of new economy corporate coverage for the Asia-Pacific (APAC) region, Kriti Jain, said:
We are delighted to support Crypto.coms strategic businesses in Asia Pacific. Our strong track record with serving global new economy clients, combined with our commitment to innovation and broad global network position us strongly to help Crypto.com with its long-term growth ambitions.
Crypto.com Ventures Into Banking Services
Crypto.com is gradually expanding its services beyond crypto trading and blockchain settlements. In August, the digital asset platform partnered with Standard Chartered, a multinational banking institution, to offer fiat services to retail users worldwide, starting from the United Arab Emirates.
Through the partnership, Standard Chartered will provide Crypto.com users with banking and payment solutions to enable the deposits and withdrawals of the United States dollar (USD), the euro (EUR), and the United Arab Emirates dirham (AED).
Commenting on the new alliance with Deutsche Bank, Crypto.coms general manager for APAC and Middle East and Africa, Karl Mohan, said:
Teaming up with one of the worlds leading financial services providers further cements our already strong presence globally, and we are excited to build on this with the support of Deutsche Bank.
The 2025 Roadmap
The new announcement comes barely a month after Crypto.com unveiled its roadmap for 2025. The trading platform has disclosed that it will include stocks, banking, and card services before the end of next year. Also, Crypto.com is gearing up to launch a stablecoin, margined derivatives, and artificial intelligence-powered trading tools.
Before 2024 runs out, the digital asset industry could witness Crypto.com kickstart a user rewards and benefits program called Level Up.
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Text source: CryptoPotato
