The exchange continues its European growth into Italy after recently receiving authorization to conduct business in Greece.
After getting regulatory approval from the nation’s cryptocurrency regulator Organismo Agenti e Mediatori, cryptocurrency exchange Crypto.com has moved into Italy (OAM).
The European presence of Crypto.com is now being increased, and it has been successful in obtaining regulatory approval in numerous nations.
The exchange set its sights on Dubai in March and teamed up with sister cryptocurrency exchange Bybit to establish offices there in order to get ready for a hiring drive there.
To launch the Pay Merchant offering in April, Crypto.com teamed up with Australian store On The Run (OTR). This allowed customers to make purchases using their choice cryptocurrency.
The exchange next received a license in Singapore before being given the go-ahead to conduct business in Greece.
“We are committed to creating enduring growth in the region and will continue working with regulators to supply a wide range of products and services to our loyal clients,” Crypto.com co-founder and CEO Kris Marszalek stated.
The business quickly follows in the boots of US cryptocurrency exchange Coinbase, which obtained regulatory license and an operating permit in Italy yesterday.