Crypto.com Establishes European Headquarters
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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.
Questions & Answers
Q.Which specific departments will Crypto.com be staffing in its new European headquarters?
Which specific departments will Crypto.com be staffing in its new European headquarters?
Crypto.com plans to hire staff for its compliance, business development, and product functions at the new Paris headquarters. This is part of their 150 million euro investment in France.
Q.What is the total investment Crypto.com plans to make in France for its operations?
What is the total investment Crypto.com plans to make in France for its operations?
Crypto.com expects to invest 150 million euros, equivalent to about 145 million US dollars, in France. This sum is intended for establishing operations and hiring staff.
Q.In which other European countries has Crypto.com received regulatory approval this year?
In which other European countries has Crypto.com received regulatory approval this year?
Prior to receiving regulatory approval in France, Crypto.com was also green-lighted by regulators in the UK and Italy earlier this year.
Q.When did Crypto.com receive regulatory approval to operate in France?
When did Crypto.com receive regulatory approval to operate in France?
Crypto.com received regulatory approval to offer its products and services to French customers in September of this year. This paved the way for their Paris headquarters.
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