Cryptocurrency exchange Crypto.com has expanded into Italy after receiving regulatory approval from the country’s cryptocurrency regulator Organismo Agenti e Mediatori (OAM).
Crypto.com is in the process of expanding its European footprint and has been successful in gaining regulatory approval in many countries.
In March, the exchange set its sights on Dubai and joined forces with fellow crypto exchange Bybit to set up offices to prepare for a recruitment drive in the region.
April saw Crypto.com partnered with Australian retailer On The Run (OTR) to introduce the Pay Merchant product, enabling consumers to conduct payments in their preferred cryptocurrency.
The exchange then obtained a licence in Singapore, followed by approval to operate in Greece.
Crypto.com co-founder and CEO Kris Marszalek said: “We are committed to building lasting growth in the region and will continue working with regulators to deliver a wide range of products and services to our valued customers.”
The company follows swiftly in the footsteps of US crypto exchange Coinbase, which received regulatory approval and gained a licence to operate in Italy yesterday.
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