Crypto.com has announced a further acceleration of its plan to offer traditional financial services products with the acquisition of Orion Principals Limited, which is reportedly regulated by the Abu Dhabi Global Market (ADGM).
Orion is an Abu Dhabi-based brokerage firm and is reportedly licensed by ADGM in order to provide investment along with ancillary services in relation to “various financial instruments.”
With this latest acquisition, Crypto.com will soon be able to offer eligible users financial products, including the following: securities, options, futures, contracts for difference and more.
Kris Marszalek, CEO of Crypto.com, they continue to grow their presence in the UAE, which has one of the strongest regulatory frameworks for the digital assets globally, and they appreciate ADGM’s support of the sector.
Crypto.com noted in a blog post that further details on the launch of these services for eligible users “will be shared in the coming weeks.”
This announcement follows a number of other key acquisitions for Crypto.com, including the “acquisition of Fintek Securities Pty Ltd., Charterprime Ltd, and SEC registered broker-dealer Watchdog Capital, LLC.”
In November of this year, Crypto.com also announced its product roadmap for 2025 and the launch of Crypto.com’s most “significant benefits and rewards experience ever through Level Up.”
Established back in 2016, Crypto.com claims that it is “trusted” by more than 100 million customers worldwide and is the industry participant focused on regulatory “compliance, security and privacy.”
Their vision is simple: Cryptocurrency in Every Wallet.
Crypto.com explains that it is committed to accelerating the adoption of cryptocurrency via innovation and empowering the next generation of builders, creators, and entrepreneurs to “develop a fairer and more equitable digital ecosystem.”