The crypto market gives rise to significant competition between trading platforms. To attract more and more users, these exchanges must increase their international presence. This is exactly what the Crypto.com exchange, which is increasingly eyeing the European market, is doing. We have just learned that the crypto giant has chosen Paris for its European headquarters!
What is the Crypto.com exchange?
Crypto.com is a exchange crypto. Concretely, it is a platform that allows you to buy, sell and exchange cryptos. Crypto.com is one of the heavyweights of cryptocurrency in the same way as Binance or Coinbase. To show the full scale of Crypto.com, just look at these few numbers:
- 50 million active users;
- More than 4,000 employees;
- More than 250 cryptocurrencies listed;
- Present in 90 countries worldwide;
- A site in 14 languages.
By the way, for sports fans, surely you have already seen the name of the Crypto.com exchange. For example, it is present on all the circuits of Formula 1. Originally called “Monaco”, the exchange changed its name to Crypto.com in July 2019. Crypto.com’s CEO is Kris Marszalek and the company’s headquarters are located in Singapore.
Crypto-assets are a risky investment.
Crypto.com develops its presence in Europe and chooses Paris!
Present in many sports, the Crypto.com exchange is betting on a aggressive strategy to become famous. At the same time, the firm puts itself in the nails at the level of regulations to be able to obtain licenses. The company aims in particular to expand to the European public. Thus, recently Crypto.com has obtained its PSAN registration with the Markets Authority (AMF). Before that, the crypto exchange had already obtained authorizations to operate in Italy and the United Kingdom.
On Wednesday, October 12, Crypto.com has just taken another step towards its European strategy. As confirmed on Reuters, the‘exchange has indeed just installed son headquarters from areas Europe in Paris.
“We are incredibly looking forward to cementing our engagement with France and Europe with the establishment of our European center in Paris. Our regulatory approval was the first important step on our journey to France, and we look forward to continuing to engage with stakeholders across all industries to help facilitate the new digital economy in France and provide customers with a premier cryptocurrency experience. plan. » Eric Anziani, COO at Crypto.com
“In addition to establishing its regional headquarters in Paris, Crypto.com’s investment will help anchor its long-term engagement with France through the hiring of local talent to boost the company’s efforts across the region. , with a focus on compliance, business development and product. Additional support will be given to initiatives to advance Crypto.com’s brand presence in the marketplace through consumer activations, engagement and education. » Crypto.com Press Release
The communiqué Crypto.com add other information. Thus, we learn that Crypto.com counts invest 150 million euros in France for the development of its activities. In addition, the exchange intends to draw its talents locally and would seek profiles in the field of regulatory compliance, business development and product.