Crypto.com to Commit €150M to Build Out its New Headquarters in Paris

Singapore-based digital asset exchange Crypto.com has announced Paris, the capital of France as its European headquarters.

This announcement followed the new financing of €150 million which approximates $145.8 million that the exchange plans to inject into the establishment of its France market. 

Additionally, the firm plans to hire new local talents across the region to join its compliance, business development, and product teams to drive the company’s efforts. Additional contributions will be made towards initiatives to advance Crypto.com’s in-market brand presence through consumer activations, engagement, and education.

Notably, Crypto.com made its foray into France in September when it became a registered Digital Assets Service Provider (DASP) with approval from Autorité des marchés financiers (AMF). Before then, it had received clearance from the French financial watchdog Autorité de Contrôle Prudentiel et de Résolution (ACPR).

However, this was not Crypto.com’s first time in Europe as a registered exchange. A while ago, the firm received regulatory approval to operate in Cyprus from the Cyprus Securities and Exchange Commission (CySEC). Prior to that, Crypto.com already held the registration and regulatory approval from the Organismo Agenti e Mediatori (OAM) in Italy.

Crypto.com Speaks Of Commitment to Europe

Kris Marszalek, Co-Founder, and CEO of Crypto.com once said “Europe is a priority region for Crypto.com and our continued expansion in the market is a testament to our commitment to compliance and collaboration with regulators.”

Choosing Paris as its headquarters expresses Crypto.com’s long-term commitment to France. “We are incredibly excited to cement our commitment to France and Europe through the establishment of our regional headquarters in Paris,” said Eric Anziani, Chief Operating Officer of Crypto.com. 

Anziani continued “Our regulatory approval was the first important step in our journey in France, and we look forward to continuing to engage with stakeholders across sectors to help facilitate the new digital economy in France and providing customers a best-in-class crypto experience.”

With over 50 million users worldwide, today Crypto.com boast of holding over fifteen licenses and regulatory approvals from several jurisdictions across Europe, Asia, and North America.