- Crypto.com secures MiCA license, expanding services across all EEA member states.
- Expansion includes U.S. institutional exchange, UAE products, and global reach boost.
- Cronos (CRO) sees price decline, market cap remains around $2.52 billion.
Crypto.com has just snagged regulatory approval to provide crypto services across all European Economic Area (EEA) member states.
The Singapore-based exchange received the Markets in Crypto-Assets (MiCA) license from the Malta Financial Services Authority, allowing it to operate in the entire EEA. This approval marks a real game-changer for the company, seriously solidifying its presence in Europe and expanding its global reach.
Europe Expansion: Crypto.com’s Market Domination Plan
With this regulatory clearance, Crypto.com is now the first major global crypto asset service provider to secure a full MiCA license.
This move totally fits with the company’s long-term strategy to strengthen its regulatory standing and broaden its international operations. The approval comes as European regulators push for greater oversight of digital assets, all to ensure investor protection and financial stability.
Related: EU’s MiCA Regulations Push Tether’s USDT Off Major Crypto Exchanges
US and Middle East: Crypto.com’s Global Empire Grows
Besides its European expansion, Crypto.com has also been making moves in other key markets. In January, the company launched an institutional-grade exchange in the United States, specifically catering to professional traders and institutions.
And, in December 2024, it acquired Orion Principals Limited, a brokerage regulated by the Abu Dhabi Global Market. This acquisition let Crypto.com provide financial products in the United Arab Emirates, further building up its footprint in the Middle East.
Beyond Crypto? Stocks, Banking, and More for Crypto.com
Crypto.com is not stopping with cryptocurrency. The exchange is preparing to diversify its financial services in the first quarter of 2025 by listing stocks and stock options. This strategic shift will allow users to invest in traditional assets right alongside digital currencies.
Moreover, the platform is developing new banking features, including personal multi-currency accounts and cash savings options. The company is also planning to launch an ETF centered around its native token, Cronos (CRO), and is gearing up to introduce its own stablecoin by the third quarter of 2025.
Cronos (CRO) Price Check: Token Takes a Dip
The native token of Crypto․com, Cronos (CRO), is currently trading at $0.09224, with a 24-hour trading volume of $23.66 million.
Related: Cronos Price Prediction 2023-2030: Will CRO Price Hit $0.1 Soon?
The token has seen a 5.01% decline over the last 24 hours and an 11.79% drop this last week. With a circulating supply of 27 billion CRO, the token’s market capitalization is hanging around $2.52 billion.
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