Crypto.com says it now has greater than 100 million international customers

Singapore-based digital asset alternate Crypto.com right this moment mentioned that greater than 100 million folks around the globe are actually utilizing its providers.

Per its press launch, this milestone was achieved shortly after the discharge of Crypto.com’s new model movie, INEVITABLE, which is a part of the Fortune Favors the Courageous marketing campaign. It additionally comes scorching on the heels of a full operational approval it acquired from Dubai’s Digital Belongings Regulatory Authority (VARA) again in April.

“Positioning our model by partaking campaigns and iconic partnerships has made Crypto.com a family title,” mentioned Kris Marszlek, CEO of Crypto.com.

“However I’m most happy with the truth that we’ve surpassed the 100 million person milestone whereas constructing probably the most broadly regulated platform within the business by main in international licenses and registrations. There have been no shortcuts to this milestone. It was a workforce effort, and we are going to preserve constructing for the following 100 million customers.”

Since its founding in 2016, the corporate has been actively increasing its international compliance registrations, significantly amid rising regulatory scrutiny of the business.

Over the previous 12 months, Crypto.com has had its ups and downs, securing operational approvals in Singapore, France, Brazil, and the U.Okay., but additionally handled regulatory fines within the Netherlands, workers layoffs, and struggled to maintain fiat on-ramps working throughout final 12 months’s banking disaster. 

Furthermore, Crypto.com hit a roadblock within the South Korean crypto market after native regulators delayed the approval of a neighborhood entity’s management transition. The alternate secured regulatory approval in South Korea in 2022 and deliberate to launch a retail app on April 29.

“For nearly a decade now we have been constructing for the long run – with security, compliance, and belief on the core. That is what actually distinguishes Crypto.com, and it’s mirrored in our long run partnerships and our newest movie. We now have come to date and we’re enthusiastic about what’s forward,” added Steven Kalifowitz, Chief Advertising Officer of Crypto.com.

Established in 2016, Crypto.com supplies an alternate platform, digital pockets, and varied different providers. The corporate holds authorization as an Digital Cash Establishment from the U.Okay.’s monetary regulator.