Crypto.com joins forces with Germany’s Deutsche Bank to offer banking services

Singapore’s leading digital asset trading platform Crypto.com has announced a partnership with Germany-based multinational investment bank and financial services company Deutsche Bank to provide banking services to users in select countries .

According to an official statement, Crypto.com’s corporate banking services will be available to customers in Singapore, Australia and Hong Kong to begin with. The bank and crypto exchange intends to expand the partnership’s reach to Europe and the UK in the future.

Crypto.com Partners Deutsche Bank

Crypto.com said the latest development is a milestone for its operations. It will improve banking services and establish a strong foundation in selected regions.

Deutsche Bank’s head of new economy corporate coverage for the Asia-Pacific (APAC) region, Kriti Jain, said:

“We are delighted to support Crypto.com’s strategic businesses in Asia Pacific. Our strong track record of serving global customers in the new economy, combined with our commitment to innovation and extensive global network position us strongly to help Crypto.com .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 fiduciary services to retail users worldwide, starting with the United Arab Emirates.

Through the partnership, Standard Chartered will provide Crypto.com users with banking and payment solutions to enable deposits and withdrawals in United States Dollar (USD), Euro (EUR) and United Arab Emirates Dirham (AED) .

Commenting on the new alliance with Deutsche Bank, Crypto.com’s Managing Director for APAC and Middle East and Africa, Karl Mohan, said:

“Partnering with one of the world’s leading financial services providers further consolidates our already strong global presence, and we are delighted 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 revealed that it will include stocks, banking and card services before the end of next year. Additionally, Crypto.com is preparing to launch a stablecoin, margined derivatives, and AI-powered trading tools.

Before 2024 ends, the digital asset industry could witness Crypto.com launch a user rewards and benefits program called Level Up.

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