Crypto.com has announced a new deal with Deutsche bank on December 10th. According yo the official announcement, Crypto.com announced that Deutsche Bank will supply corporate banking services for Crypto.com in Singapore, Australia, and Hong Kong.
The deal aims at a collaboration that will closely foster to offer more banking support and country coverage as the partnership develops.
The partnership also comes at a time when Crypto.com has been expanding its services in various nations across the globe.
What Will The Partnership Include?
The banking partnership announcement marks a significant turning point in Crypto.com’s operations and will enable smooth corporate banking, improve efficiency, and build a solid banking base in the area for the platform.
“This is a momentous relationship for us and further highlights our commitment to security and compliance,” said Karl Mohan, General Manager APAC and MEA and Global Head of Banking Partnerships for Crypto.com.
They add “Teaming up with one of the world’s leading financial services providers further cements our, already strong, presence globally and we are excited to build on this with the support of Deutsche Bank.”
Kriti Jain, Head of New Economy Corporate Coverage for APAC and Cash Sales for APAC & MEA for Deutsche Bank also said “We are delighted to support Crypto.com’s strategic businesses in Asia Pacific.”
She adds “Our strong track record with serving global new economy clients, combined with our commitment to innovation and broad global network position us strongly to help Crypto.com with its long-term growth ambitions.”
Crypto.com’s Previous Deal With Visa
The partnership with Deutsche bank comes as Crypto.com has been expanding services aggressively. Previously, Crypto.com declared that its Visa card program was available throughout Latin America.
This calculated action was a component of the business’s larger initiatives to hasten the region’s cryptocurrency adoption.
Crypto.com Emerges As Top Choice in North America
Crypto.com has been seeing a rise in customer base for quite some time now. The platform has established itself as a faster option that its peers.
Due to this, in the cryptocurrency markets of North America, Crypto.com had surpassed industry giant Coinbase to the top of the charts. As of October, Crypto.com is still ahead of Coinbase, which it first overtook in July.
Crypto.com’s spot trading volume climbed from $34 billion in July to $134 billion in September, according to the data.
The total trading volume on North American cryptocurrency exchanges in September was $183 billion, of which $46 billion was handled by Coinbase.