Crypto.com has achieved a significant milestone by becoming the first major global cryptocurrency service provider to secure full approval under the Markets in Crypto-Assets (MiCA) regulation. This approval, granted by the Malta Financial Services Authority, allows Crypto.com to offer its services across all 30 member states of the European Economic Area (EEA).
In a February 12 announcement on X (formerly Twitter), the exchange stated:
This achievement marks a major step in Crypto.com’s global expansion strategy, solidifying its position as a leading player in the cryptocurrency industry.
Crypto.com’s Global Growth Strategy
Crypto.com’s expansion into the EEA is just one part of its broader plan to grow its presence worldwide. Earlier this year, the company launched an institutional-grade exchange in the United States, complementing its popular Crypto.com App for retail users.
In December 2024, Crypto.com further expanded its reach by acquiring Orion Principals Limited, a brokerage regulated by the Abu Dhabi Global Market. This acquisition allows the company to offer financial products in the United Arab Emirates (UAE), a key market in the Middle East.
Expanding Beyond Crypto: Stocks, ETFs, and Banking Services
Crypto.com is not stopping at cryptocurrency services. The company has ambitious plans to diversify its offerings. In Q1 2025, it intends to introduce stock and stock option trading, marking its entry into traditional financial markets. Additionally, the platform will roll out new banking features, including:
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Personal multicurrency accounts
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Cash savings accounts
Looking further ahead, Crypto.com plans to file for an ETF (Exchange-Traded Fund) focused on its native token, Cronos (CRO), and launch its own stablecoin in Q3 2025.
Despite these advancements, Crypto.com’s native token, CRO, has faced challenges in the market. According to CoinMarketCap, CRO is currently down 5% daily, 12% weekly, and 30% monthly, trading 90% below its all-time high from November 2021.
Stock and ETF Trading for U.S. Users
In another strategic move, Crypto.com recently launched stock and ETF trading for users in Pennsylvania, Ohio, Washington, and Arizona. The company plans to expand this feature nationwide, offering:
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Zero-commission trades
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Fractional shares
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Securities transfers within its app
This initiative is part of Crypto.com’s effort to compete with traditional financial platforms and other cryptocurrency exchanges like Coinbase, Kraken, and Gemini, as well as Wall Street giants such as BlackRock and Fidelity.
Institutional Trading Platform
Crypto.com has also introduced an institutional trading platform in the United States, designed to cater to professional clients. This platform offers:
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Over 300 trading pairs
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Advanced trading tools tailored for institutional investors
This move signals Crypto.com’s deeper push into the institutional market, positioning itself as a serious competitor to established financial firms.
Leadership and Global Presence
To support its growing operations, Crypto.com has appointed Mohammed Al-Hakim as the President of its UAE operations. Headquartered in Singapore, Crypto.com now operates in 90 countries, making it one of the most globally accessible cryptocurrency platforms.
Key Takeaways
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MiCA Approval: Crypto.com is the first major global crypto service provider to secure full MiCA approval, enabling operations across all EEA member states.
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Global Expansion: The company is expanding its services in the U.S., UAE, and Europe, with plans to offer stock trading, ETFs, and banking features.
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Institutional Focus: Crypto.com is targeting institutional clients with a new trading platform and advanced tools.
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CRO Challenges: Despite its growth, Crypto.com’s native token, CRO, continues to struggle in the market.
Final Thoughts
Crypto.com’s recent achievements highlight its commitment to becoming a comprehensive financial services provider, bridging the gap between traditional finance and the cryptocurrency world. While its native token faces challenges, the company’s strategic expansions and innovative offerings position it as a key player in the evolving digital asset landscape.
