Crypto.com on February 25th unveiled new staking services for accredited investors in Singapore. The move will likely enable investors in the region to profit from the staking of different cryptocurrencies.
The platform also announced that the staking feature in Singapore will likely help investors get up to 212.2% p.a. on their idle assets. The move will also help support blockchains and DeFi projects, making many market participants receive rewards for 30+ tokens, including $ETH, $SOL, and $CRO.
This action fits into a larger plan for Crypto.com’s growth in Singapore, one of Asia’s most important markets for digital assets.
Crypto.com’s Singapore Userbase Likely to Rise After Staking Service
By providing staking options, the platform has positioned itself for an increase in appeal of its services to institutional and high-net-worth people.
The new service will be allowing accredited investors to earn dividends on their cryptocurrency holdings, making it a much alluring offer.
Additionally, investors can support blockchain networks and take part in decentralized finance (DeFi) while receiving passive income through staking.
Crypto.com is establishing itself as a major player in the region by offering creative answers to the growing need for financial services based on cryptocurrency, thanks to Singapore’s advantageous legislative framework for digital assets.
Also Read: Crypto.com Taps on Cross-Border Services for All EEA Member States With MiCA License
Singapore Staking Feature in Tandem With Crypto.com’s Expansion Policy
The international cryptocurrency network Crypto.com is expanding further in Singapore, one of the liveliest financial centers in Asia.
The city-state has emerged as a major hub for bitcoin acceptance and innovation, and the corporation is proactively strengthening its presence there.
In order to meet the demands of Singapore’s expanding cryptocurrency community, Crypto.com has been expanding its local alliances, securing the required governmental approvals, and providing improved services.
Singapore’s strong financial infrastructure and benevolent regulatory framework make it the perfect place for Crypto.com to expand its services and user base.
In order to serve both individual and institutional investors, the company plans to provide a broad range of cryptocurrency goods, such as trading, staking, and blockchain-powered financial services.
This action supports Crypto.com’s goal of becoming a preeminent worldwide cryptocurrency platform, and its entry into the Singaporean market strengthens its position in the Southeast Asian market.
Also Read: Robinhood Expands Global Crypto Reach with Planned Singapore Launch Via Bitstamp Partnership
Crypto.com’s Asia Expansion Sprees
Crypto.com has been aggressively growing throughout Asia by implementing a number of significant projects. The platform was previously able to provide a variety of cryptocurrency services in Singapore after obtaining a Major Payment Institution license from the Monetary Authority of Singapore.
To serve local clients, Crypto.com secured a license to function as a cryptocurrency exchange in Japan. To further its cryptocurrency offers, Crypto.com has also partnered with regional businesses in South Korea.
These initiatives are a reflection of the platform’s plan to increase its presence in the quickly expanding Asian cryptocurrency sector.