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Singapore-based Crypto.com chooses Paris as the location for its regional headquarters after getting regulatory approval in a number of countries.
Digital asset platform Crypto.com has selected Paris as its base in Europe. It expects to invest 150 million euros ($145 million) in France to establish operations and hire staff for its compliance, business development, and product functions, according to a statement issued Wednesday.
In September, Crypto.com received regulatory approval to offer products and services to French customers after being green-lighted by regulators in the UK and Italy earlier this year. The platform is also accelerating its expansion regionally after it acquired South Korea’s payment service provider PnLink and virtual asset exchange OK-BIT in August.
According to its website, the group was founded in Singapore in 2016 and it now claims 50 million customers worldwide.
