Crypto.com

The company was initially founded in Hong Kong{{Cite news|last=Lang|first=Hannah|date=February 14, 2022|title=How Crypto.com is betting big on sports partnerships to reach a billion users|work=Reuters|url=https://www.reuters.com/technology/how-cryptocom-is-betting-big-sports-partnerships-reach-billion-users-2022-02-14/}} by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as "Monaco".{{cite web|url=https://www.hitc.com/en-gb/2021/11/17/who-owns-crypto-com-as-staples-center-re-named-in-landmark-deal/|title=Who Owns Crypto.com, As Staples Center Re-Named in Landmark Deal?|website=hitc.com|last=Kaur|first=Jaspreet|date=November 17, 2021|access-date=January 1, 2022}} In 2018, the company was renamed as Crypto.com following a purchase of a domain owned by cryptography researcher and professor Matt Blaze. Domain sellers valued the domain at US$5–10 million.{{cite web|url=https://www.theverge.com/2018/7/6/17540818/crypto-com-domain-matt-blaze-monaco-mco-cryptology-sale|title=Crypto.com, the multimillion-dollar cryptography domain whose owner refused to sell, has been sold|last=Robertson|first=Adi|website=The Verge|date=July 6, 2018|access-date=January 1, 2022}}{{cite web|url=https://www.ft.com/content/8e916586-3662-42cf-91f1-69f7344632b6|title=Rise of Crypto.com: from university blog to home of the LA Lakers|website=Financial Times|last1=Szalay|first1=Eva|last2=Germano|first2=Sara|last3=Grimes|first3=Christopher|date=November 20, 2021|access-date=January 1, 2022}}

Crypto.com is operated by Foris DAX Asia, a Singapore-based company{{Cite web|title=Singapore clamps down on ads for 'highly risky' crypto trading|url=https://asia.nikkei.com/Spotlight/Cryptocurrencies/Singapore-clamps-down-on-ads-for-highly-risky-crypto-trading|access-date=2022-02-04|website=Nikkei Asia|language=en-GB}} that's a subsidiary of Foris DAX MT (Malta) Limited.{{citation needed|date=February 2022}}

The company which had 10 million users in February 2021, reported more than 50 million active users as of May 2022{{cite news |last1=Chipolina |first1=Scott |last2=Agini |first2=Samuel |last3=Oliver |first3=Joshua |last4=Germano |first4=Sarah |date=May 26, 2022 |title=Crypto and sports bet on winning combination to woo fans |work=The Financial Times |url=https://www.ft.com/content/d691820e-114d-4927-8bfa-d18acc83379d |url-access=subscription}} and 80 million users as of June 2023.

In January 2022, Crypto.com was the victim of a hack totaling US$15 million in stolen Ether. After some users reported suspicious activity on their accounts, the company paused withdrawals. Withdrawal services were later restored alongside a statement from the company that no customer funds were lost.{{cite news |last1=Lau |first1=Yvonne |title=Crypto.com says 'all funds are safe' after alleged hack, but analysis shows $15 million of Ether is gone |url=https://fortune.com/2022/01/18/crypto-com-alleged-hacking-15-million-ether-may-be-gone/ |work=Fortune |date=January 18, 2022 |archive-url=https://archive.today/20220118222526/https://fortune.com/2022/01/18/crypto-com-alleged-hacking-15-million-ether-may-be-gone/ |archive-date=January 18, 2022 |access-date=January 19, 2022 |url-status=live }}

On August 18, 2022, it was reported that Crypto.com had been quietly letting go of hundreds of employees, beyond its initial 5% layoff in June, due to the downturn in the cryptocurrency market.{{Cite web |title=Crypto.com laid off 260 employees — then quietly let go of hundreds more |url=https://www.theverge.com/2022/8/18/23309439/crypto-com-layoffs-unannounced-july-august-bear-market?scrolla=5eb6d68b7fedc32c19ef33b4 |access-date=2022-08-19 |website=The Verge |language=en-US}} By October 10, 2022, it was reported that Crypto.com had laid off over 2,000 employees (reportedly 30% to 40% of their staff) since May, due to the cryptocurrency market downturn.{{cite web |last1=Hiken |first1=Asa |title=Inside Crypto.com's Marketing Meltdown |url=https://adage.com/article/digital-marketing-ad-tech-news/inside-cryptocoms-marketing-meltdown-layoffs-cuts-sponsorship-deals/2435076 |website=AdAge |access-date=10 October 2022}}

In November 2022, the partnership exchange's token, Cronos, lost approximately $1 billion in value.{{cite news |last1=Shukla |first1=Sidhartha |last2=Ghosh |first2=Suvashree |date=14 November 2022 |title=Crypto.com's Sinking Token Stirs Fresh Anxiety After FTX Wipeout |url=https://www.bloomberg.com/news/articles/2022-11-14/crypto-com-ceo-says-withdrawals-working-will-continue-to-work?sref=CIpmV6x8 |access-date=14 November 2022 |work=Bloomberg}} The decline was caused in part due to concerns after the collapse of FTX, whose executive team was revealed to have used its native token, FTT, to prop up the balance sheet of a sister company and to have allegedly engaged in other fraudulent behaviors.{{cite news |last1=Ge Huang |first1=Vicky |last2=Osipovich |first2=Alexander |last3=Kowsman |first3=Patricia |title=FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall |url=https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732?mod=hp_lead_pos1 |access-date=10 November 2022 |work=The Wall Street Journal |date=10 November 2022}}{{cite news |last1=Michaels |first1=Dave |last2=Yu |first2=Elaine |last3=Ostroff |first3=Caitlin |title=Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds |url=https://www.wsj.com/articles/alameda-ftx-executives-are-said-to-have-known-ftx-was-using-customer-funds-11668264238?mod=hp_lead_pos2 |access-date=12 November 2022 |work=The Wall Street Journal |date=12 November 2022}} On 14 November, Marszalek, the firm's CEO, assured users that the exchange was functioning as normal.

On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions. The company's main retail trading service was unaffected.{{cn|date=October 2023}} The change caused speculation that the Crypto.com Arena in Los Angeles would be renamed, but the company denied this.{{Cite web |last=McMenamin |first=Dave |date=2023-06-09 |title=Sources: Crypto.com move won't affect L.A. arena |url=https://www.espn.com/nba/story/_/id/37826952/cryptocom-business-change-affect-la-arena-naming-rights-deal |access-date=2023-09-28 |website=ESPN.com |language=en}}{{Cite web |last=Pequeño IV |first=Antonio |date=2023-06-09 |title=Crypto.com Arena Keeping Controversial Name Despite Exchange Shut Down |url=https://www.forbes.com/sites/antoniopequenoiv/2023/06/09/cryptocom-arena-keeping-controversial-name-despite-exchange-shut-down/ |access-date=2023-09-28 |website=Forbes |language=en}}

In December 2020, Crypto.com acquired The Card Group Pty Ltd, securing an Australian Financial Service License. This acquisition was approved by Australia’s Foreign Investment Review Board, enabling Crypto.com to operate within Australia's regulatory frameworks.{{Cite web |last=Commission |first=Australian Competition and Consumer |date=2021-09-09 |title=Proposed amalgamation of BPAY, eftpos and NPPA |url=https://www.accc.gov.au/public-registers/mergers-registers/merger-authorisations-register/proposed-amalgamation-of-bpay-eftpos-and-nppa |access-date=2024-01-20 |website=www.accc.gov.au |language=en}}{{primary inline|date=March 2024}}

In December 2021, Crypto.com executed a sale and purchase agreement to acquire Nadex, a U.S.-based retail-focused, CFTC regulated online exchange, and the Small Exchange, known for offering simpler futures products.{{Cite web |title=Crypto.com forges deal to buy two of IG Group's US trading assets |url=https://www.ft.com/content/f9309964-7640-40ec-afa2-4c493131246f |access-date=2024-01-20 |website=www.ft.com}}{{Cite web |date=2023-04-03 |title=IG Group Acquires Small Exchange from Crypto.com's Parent |url=https://www.financemagnates.com/forex/ig-group-acquires-small-exchange-from-cryptocoms-parent/ |access-date=2024-01-20 |website=Financial and Business News {{!}} Finance Magnates |language=en}} In October 2024, Crypto.com filed a lawsuit against the U.S. Securities and Exchange Commission after receiving a Wells notice from the same agency.{{Cite web |last=Shen |first=Muyao |title=Crypto.com files suit against SEC after getting Wells Notice |url=https://fortune.com/2024/10/08/crypto-com-sues-sec-broker-dealer-securities/ |access-date=2024-10-09 |website=Fortune |language=en}}

In December 2024, Crypto.com partnered with Deutsche Bank to offer corporate banking services in Singapore, Australia, and Hong Kong.{{Cite web |title=Crypto.com teams up with Deutsche Bank in Asia-Pacific |url=https://thepaypers.com/cryptocurrencies/cryptocom-teams-up-with-deutsche-bank-in-asia-pacific--1271412 |access-date=2025-01-23 |website=thepaypers.com |language=en}} Crypto.com also collaborated with Mastercard to expand digital payments in the GCC region.{{Cite web |last=Zyl |first=Gareth van |date=2025-01-10 |title=Mastercard brings Crypto Credential to UAE, Kazakhstan in fintech push |url=https://gulfbusiness.com/mastercard-crypto-credential-uae-kazakhstan/ |access-date=2025-01-23 |language=en-US}}

Later that month, Crypto.com became the title sponsor of the Crypto.com Showdown, a golf match featuring PGA Tour players Rory McIlroy and Scottie Scheffler against LIV Golf players Bryson DeChambeau and Brooks Koepka, marking the first event to feature a crypto purse.{{Cite web |date=2024-12-18 |title=Scottie Scheffler and Rory McIlroy Win Showdown Over Brooks Koepka and Bryson DeChambeau |url=https://www.si.com/golf/scottie-scheffler-rory-mcilroy-win-showdown-brooks-koepka-bryson-dechambeau |access-date=2025-01-23 |website=SI |language=en-US}}

Also in 2025, the exchange launched services for institutional and advanced traders in the USA. Later that year, it introduced trading for stocks and ETFs.

In January 2025, Crypto.com received a Markets in Crypto Assets (MiCA) Licence{{Cite web |date=2025-01-17 |title=Crypto.com Expands EU Services with In-Principle MiCA License from MFSA |url=https://www.financemagnates.com/cryptocurrency/cryptocom-expands-eu-services-with-in-principle-mica-license-from-mfsa/ |access-date=2025-02-27 |website=Financial and Business News {{!}} Finance Magnates |language=en}} and launched services for institutional and advanced traders in the USA.{{Cite news |last=Asgari |first=Nikou |last2=Cornish |first2=Chloe |date=2025-01-02 |title=Crypto industry dreams of a golden era under Trump |url=https://www.ft.com/content/af23fffc-e560-42eb-84a0-f25ca8d693c0 |access-date=2025-02-27 |work=Financial Times}}

In February 2025, the exchange launched the trading of stocks and ETF trading.{{Cite web |date=2025-02-05 |title=Crypto.com To Launch Stablecoin, Stocks, And Cronos ETF In 2025 - FinanceFeeds |url=https://financefeeds.com/crypto-com-to-launch-stablecoin-stocks-and-cronos-etf-in-2025/ |access-date=2025-02-27 |language=en-US}}

{{Infobox cryptocurrency

| currency_name = Cronos Token

| previous_names = Crypto.com coin

| image_1 =

| image_2 =

| image_width_1 = 100

| image_width_2 = 100

| image_title_1 =

| symbol =

| ticker_symbol = CRO

| coin_definition = Native coin of the Cronos Chain

| white_paper = [https://whitepaper.cronos.org/ Whitepaper]

| implementations =

| initial_release_version =

| initial_release_date = {{Start date and age|2018|12|21}}

| code_repository =

| status = Active

| latest_release_version =

| latest_release_date =

| forked_from =

| programming_languages =

| operating_system =

| author =

| developer =

| source_model =

| license =

| website = {{URL|crypto.org}}

| block_explorer =

| ledger_genesis =

| hash_function =

| issuance =

| timestamping =

| block_time =

| block_reward =

| blockchain = Cronos

| circulating_supply =

| supply_limit = 30,263,013,692

| exchange_rate = Floating

| market_cap =

| size =

}}

Crypto.com services include an app, exchange, wallet and NFT marketplace.{{cite news|last=Witt|first=Steven|title=Crypto.com Spent Its Way to the Top. Then the Market Crashed. Now What?|url=https://www.gq.com/story/crypto-dot-com-explained|work=GQ|date=May 19, 2022|access-date=November 6, 2022}}{{cite web|website=TheStreet|title=Crypto.com Unveils Exchange in the U.S.|author=Sabrina Toppa|date=March 16, 2022 |url=https://www.thestreet.com/crypto/news/crypto-com-unveils-exchange-in-usa|access-date=2022-08-29}}{{cite magazine |title=7 Best Crypto Wallets of August 2022 |url=https://money.com/best-crypto-wallets/ |magazine=Money |date=August 5, 2022}}{{Cite news | url=https://venturebeat.com/media/heavy-metal-teams-up-with-crypto-com-to-create-collectible-nfts/ | title=Heavy Metal teams up with Crypto.com to create collectible NFTs | first=Dean | last=Takahashi | work=VentureBeat | date=September 1, 2021}}

In May 2022, they partnered with Shopify to allow businesses which use the e-commerce platform to accept payments in cryptocurrency.{{cite web|first=Ryan|last=Gladwin|title=Why Shopify is doubling down on crypto—even after the crash|url=https://www.fastcompany.com/90756233/why-shopify-is-doubling-down-on-crypto-even-after-the-crash|website=Fast Company|date=May 17, 2022}}

Crypto.com signed actor Matt Damon to serve as the company's brand ambassador in October 2021.{{Cite news |last=Bhasin |first=Kim |date=October 28, 2021 |title=Matt Damon is the Face of Crypto.com |url=https://www.bloomberg.com/news/articles/2021-10-28/matt-damon-to-promote-crypto-com-in-race-to-attract-new-users |url-status=live |archive-url=https://web.archive.org/web/20211028130723/https://www.bloomberg.com/news/articles/2021-10-28/matt-damon-to-promote-crypto-com-in-race-to-attract-new-users |archive-date=2021-10-28 |location=New York|agency=Bloomberg News}}

In March 2021, Crypto.com became a sponsor of the Aston Martin Cognizant Formula One Team.{{Cite web |date=2021-03-02 |title=Crypto.com Becomes a Sponsor of Aston Martin F1 Team |url=https://www.financemagnates.com/cryptocurrency/news/crypto-com-becomes-a-sponsor-of-aston-martin-f1-team/ |access-date=2024-06-28 |website=Financial and Business News {{!}} Finance Magnates |language=en}} In May 2021, Crypto.com became the official sponsor of Italy's Coppa Italia soccer cup final.{{Cite web |title=Crypto.com In Deal With Serie A To Sponsor Coppa Italia Final {{!}} SportsInsider.com |url=https://www.sportsinsider.com/crypto-com-in-deal-with-serie-a-to-sponsor-coppa-italia-final/ |access-date=2024-06-28 |website=www.sportsinsider.com}}

In June 2021, Formula 1 announced a $100 million sponsorship deal with Crypto.com, marking the first cryptocurrency sponsorship in the sport. This partnership included branding at F1 events and the introduction of a new award.{{Cite web |last=Young |first=Jabari |date=2021-06-29 |title=Formula 1 strikes $100 million cryptocurrency sponsorship |url=https://www.cnbc.com/2021/06/29/formula-1-strikes-100-million-cryptocurrency-sponsorship.html |access-date=2024-06-28 |website=CNBC |language=en}}{{Cite web |last=Campbell |first=Bryan |title=Cryptocurrency Is Expanding Its Presence In Formula One With A $100 Million Deal |url=https://www.forbes.com/sites/bryancampbell/2021/06/29/cryptocurrency-is-expanding-its-presence-in-formula-one-with-a-100-million-deal/ |access-date=2024-06-28 |website=Forbes |language=en}}{{Cite web |title=Formula 1 announce Crypto.com as inaugural global partner of the F1 Sprint series {{!}} Formula 1® |url=https://www.formula1.com/en/latest/article/formula-1-announce-crypto-com-as-inaugural-global-partner-of-the-f1-sprint.ozYI9zd0622tZyvroYhcM |access-date=2024-06-28 |website=Formula 1® - The Official F1® Website |language=en}}

In July 2021, Crypto.com became the UFC's official fight kit partner, including prominent branding on UFC fight kits worn by athletes during matches.  

In September 2021, the company became soccer club Paris Saint-Germain F.C.'s official cryptocurrency platform. The partnership included the release of exclusive non-fungible tokens on Crypto.com's NFT platform.{{cite web|date=2021-09-10|title=CRYPTO.COM becomes PSG Official Cryptocurrency platform|url=https://en.psg.fr/teams/club/content/cryptocom-becomes-psg-official-cryptocurrency-platform|access-date=2023-03-15}}

In September 2021, the Philadelphia 76ers announced Crypto.com as their official jersey patch partner.{{cite web|url= https://www.nba.com/sixers/news/76ers-crypto-com-jersey-patch-partnership#|title= 76ers, Crypto.com Announce Jersey Patch Partnership|website=nba.com|date=September 21, 2021|access-date=April 12, 2024}}{{Cite web |date=2021-09-22 |title=Sixers unveil their new jersey patch partnership |url=https://www.nbcsportsphiladelphia.com/nba/sixers-unveil-their-new-jersey-patch-partnership/190745/ |access-date=2024-06-28 |website=NBC Sports Philadelphia |language=en-US}}

In November 2021, the company acquired the naming rights to Los Angeles's Staples Center, renaming it Crypto.com Arena in a 20-year deal reported to be valued at US$700 million.{{cite news |date=November 16, 2021 |title=Staples Center to become Crypto.com Arena in reported $700 million naming rights deal |work=ESPN |url=https://www.espn.com/nba/story/_/id/32650662/staples-center-become-cryptocom-arena-rich-naming-rights-deal |access-date=November 17, 2021}}{{cite news |last=Hirtenstein |first=Anna |date=November 17, 2021 |title=Staples Center in L.A. to Be Renamed Crypto.com Arena |work=Wall Street Journal |url=https://www.wsj.com/articles/staples-center-in-l-a-to-be-renamed-crypto-com-arena-11637145428 |access-date=November 18, 2021}}{{Cite news |last=Ives |first=Mike |date=2021-11-17 |title=Staples Center in Los Angeles will be renamed Crypto.com Arena. |url=https://www.nytimes.com/2021/11/11/business/staples-center-crypto-arena.html |access-date=2024-06-28 |work=The New York Times |language=en-US |issn=0362-4331}}

At the same time, Crypto.com announced a sponsorship deal with CONMEBOL, becoming an official partner of Latin America's leading soccer competition, the Copa Libertadores.{{Cite web |date=2021-11-26 |title=Crypto.com named Copa Libertadores sponsor and NFT licensee |url=https://www.sportbusiness.com/news/crypto-com-named-copa-libertadores-sponsor-and-nft-licensee/ |access-date=2024-06-28 |website=SportBusiness |language=en-US}}{{Cite web |title=Crypto.com and Libertadores announce new partnership |url=https://emw-global.com/portfolio/crypto-com-and-libertadores-announce-new-partnership/ |access-date=2024-06-28 |website=EMW Global |language=en-US}}  

In early 2022, the company announced a partnership with the LeBron James Family Foundation to provide educational resources focused on blockchain-related topics to students of the I Promise School in Akron, Ohio.{{cite web|first=Dylan|last=Kelly|date=January 29, 2022|url=https://hypebeast.com/2022/1/lebron-james-crypto-com-family-foundation-partnership|title=LeBron James' Foundation Partners With Crypto.com to Provide Blockchain-Related Education |work=Hypebeast|access-date=August 18, 2022}} In March 2022, Crypto.com signed with FIFA to become an official sponsor of the 2022 FIFA World Cup in order to improve another global reach.{{Cite web |last=Quiroz-Gutierrez |first=Marco |title=Crypto.com's FIFA World Cup deal shows how crypto companies love sports |url=https://fortune.com/2022/03/23/crypto-com-fifa-world-cup-sponsor-crypto-companies-advertising-lakers-76ers/ |access-date=2024-07-23 |website=Fortune |language=en}}{{Cite news |date=2022-03-22 |title=FIFA signs sponsorship deal with Crypto.com for Qatar World Cup |language=en |work=Reuters |url=https://www.reuters.com/lifestyle/sports/fifa-signs-sponsorship-deal-with-cryptocom-qatar-world-cup-2022-03-22/ |access-date=2023-01-03}}

In November 2022, the Australian Football League (AFL) partnered with Crypto.com.{{Cite news |last=Taylor |first=Josh |date=2022-11-15 |title=AFL stands by Crypto.com partnership amid fears of a cryptocurrency meltdown |url=https://www.theguardian.com/sport/2022/nov/15/afl-stands-by-cryptocom-partnership-amid-fears-of-a-cryptocurrency-meltdown |access-date=2024-07-23 |work=The Guardian |language=en-GB |issn=0261-3077}}

In April 2024, rapper Eminem promoted the Crypto.com exchange via twitter. He also provided the voice-over for the ad, which premiered on television during an NBA Playoffs game at the Crypto.com Arena.{{Cite news |date=2024-04-30 |title=The Real Slim Shady Stands Up for Crypto as Ad Spending Ramps Up |url=https://www.bloomberg.com/news/newsletters/2024-04-30/the-real-slim-shady-stands-up-for-crypto-as-ad-spending-ramps-up |access-date=2024-07-23 |work=Bloomberg.com |language=en}}

Starting the 2024-27 cycle to improve global reach after signing sponsorships with FIFA, Formula One and UFC, Crypto.com dealt with UEFA to become official sponsors of the UEFA Champions League and UEFA Super Cup.{{cite press release|url=https://www.uefa.com/news-media/news/0290-1b9ba103a2ae-77ecec7c77a2-1000--uefa-and-crypto-com-announce-uefa-champions-league-sponso/|title=UEFA and Crypto.com announce UEFA Champions League sponsorship|date=14 August 2024|website=UEFA|publisher=Union of European Football Associations|access-date=4 October 2024}}

In North America, Crypto.com is licensed by Foreign MSB (Money Services Business) registrations with FINTRAC in Canada{{Cite web |last=Government of Canada |first=Financial Transactions and Reports Analysis Centre of Canada |date=2017-03-28 |title=Money services businesses (MSBs) {{!}} FINTRAC – Canada.ca |url=https://fintrac-canafe.canada.ca/msb-esm/msb-eng |access-date=2024-07-23 |website=fintrac-canafe.canada.ca}} and FinCEN in the United States for AML compliance. Additionally, the service holds Money Transmitter Licenses across various U.S. states, allowing it to operate as a payment and virtual asset service provider.{{Cite web |title=Industry Filings: Derivatives Clearing Organizations (DCO) Filing {{!}} CFTC |url=https://www.cftc.gov/IndustryOversight/IndustryFilings/ClearingOrganizations/38 |access-date=2024-07-04 |website=www.cftc.gov |language=en}}

In 2021, Crypto.com entered into a $216 million deal with IG Group, acquiring stakes in a US futures exchange and a binary trading group. This move aims to enable Crypto.com to offer derivatives and futures to US customers, an area often challenging for crypto exchanges due to the strict regulations surrounding these investment products. The acquisition includes the North American Derivatives Exchange (Nadex) and a 39% stake in Small Exchange, focusing on retail traders. This development is part of Crypto.com's broader strategy to comply with US regulations while expanding its service offerings.{{Cite web |title=Crypto.com forges deal to buy two of IG Group's US trading assets |url=https://www.ft.com/content/f9309964-7640-40ec-afa2-4c493131246f |access-date=2024-02-16 |website=www.ft.com}}

In December 2020, the company acquired an Australian Financial Service License by purchasing The Card Group Pty Ltd. This acquisition, approved by Australia’s Foreign Investment Review Board.{{Cite web |last=Commission |first=Australian Competition and Consumer |date=2021-09-09 |title=Proposed amalgamation of BPAY, eftpos and NPPA |url=https://www.accc.gov.au/public-registers/mergers-registers/merger-authorisations-register/proposed-amalgamation-of-bpay-eftpos-and-nppa |access-date=2024-02-16 |website=www.accc.gov.au |language=en}}

The Australian Financial Service License enables Crypto.com to expand its services in the Australian market, adhering to the country's financial regulations. This move also facilitates the introduction of new offerings, such as launching its debit card in Australia.{{Cite web |date=2020-12-02 |title=Crypto.com Secures Australian Financial Service License |url=https://finance.yahoo.com/news/crypto-com-secures-australian-financial-093240647.html |access-date=2024-02-16 |website=Yahoo Finance |language=en-US}}

Crypto.com holds regulatory licenses, including an Australian Financial Services Licence (AFSL){{Cite web |title=Australian financial services (AFS) licence |url=https://connectonline.asic.gov.au/RegistrySearch/faces/landing/ProfessionalRegisters.jspx?_adf.ctrl-state=1dar8s0ptf_4 |access-date=2024-07-04 |website=connectonline.asic.gov.au}} and an Australian Credit License (ACL) issued by the Australian Securities and Investments Commission (ASIC). The company is also registered with AUSTRAC for AML/CTF compliance, providing designated services such as issuing stored value cards, financial products, and operating as a digital currency exchange service provider.

The Monetary Authority of Singapore announced that it had given in-principle approval to the company for a Major Payment Institution License, allowing it to provide digital payment token services in the country.{{Cite news | url=https://www.businesstimes.com.sg/garage/mas-issues-3-crypto-licence-in-principle-approvals-including-to-cryptocom | title=MAS issues 3 crypto licence in-principle approvals, including to Crypto.com | first=Claudia | last=Chong | work=The Business Times (Singapore) | date=June 22, 2022}}{{Cite web |title=Monetary Authority of Singapore |url=https://eservices.mas.gov.sg/fid/institution?term=Foris}} In August 2022, Crypto.com acquired two South Korean startups - the payment service provider PnLink Co., Ltd and the virtual asset service provider OK-BIT Co., Ltd.{{Cite web |title=Crypto.com enters South Korea via acquisitions |url=https://techcrunch.com/2022/08/08/singapore-based-cryptocurrency-exchange-crypto-com-enters-south-korea-via-acquisitions/ |access-date=2022-08-09 |website=TechCrunch |language=en-US }}{{Cite news |date=2021-09-13 |title=[보도참고] 가상자산사업자는 폐업‧영업종료 시에 대비하여 이용자 피해 최소화에 만전을 기해주시기 바랍니다. |url=https://www.fsc.go.kr/no010101/76554?srchCtgry=&curPage=2&srchKey=sj&srchText=%EA%B0%80%EC%83%81%EC%9E%90%EC%82%B0&srchBeginDt=&srchEndDt= |work=fsc.go.kr}} With these acquisitions, the company secured registration licenses to provide financial services under South Korea's electronic financial transaction act and as a virtual asset service provider.{{Cite news|url=https://techcrunch.com/2022/08/08/singapore-based-cryptocurrency-exchange-crypto-com-enters-south-korea-via-acquisitions/|title=Singapore-based cryptocurrency exchange Crypto.com enters South Korea via acquisitions {{!}} TechCrunch|last=Park|first=Kate|access-date=10 August 2022}}

In June 2024, Crypto.com was recognized by Hong Kong's securities regulator as 'deemed to be licensed,' indicating that the exchange is close to obtaining full regulatory approval.{{Cite news |date=2024-06-01 |title=Hong Kong Says 11 Crypto Exchanges Are Closer to Getting Permits |url=https://www.bloomberg.com/news/articles/2024-06-01/hong-kong-says-11-crypto-exchanges-are-closer-to-getting-permits |access-date=2024-10-18 |work=Bloomberg.com |language=en}}

The company received approval from the United Kingdom's Financial Conduct Authority to be registered as a crypto asset service provider in August 2022.{{Cite news | url=https://www.bloomberg.com/news/articles/2022-08-17/crypto-com-receives-registration-as-uk-cryptoasset-provider#xj4y7vzkg | title=Crypto.com Receives Registration as UK Cryptoasset Provider | first=Emily | last=Nicolle | work=Bloomberg | date=August 17, 2022}} In July 2022, it received regulatory approval to operate in Cyprus from the Cyprus Securities and Exchange Commission.{{Cite news | url=https://www.financemagnates.com/cryptocurrency/regulation/cryptocom-obtains-regulatory-approval-from-the-cysec/ | title=Crypto.com Obtains Regulatory Approval from CySEC | first=Felipe | last=Erazo | work=Finance Magnates | date=July 22, 2022}} In September 2022, Crypto.com received the approval of the French authorities, and a month later announced plans to establish a European headquarters in Paris and invest 150 million euros in the French division.{{Cite web|url=https://www.reuters.com/technology/cryptocom-chooses-paris-european-headquarters-2022-10-12/|title=Crypto.com chooses Paris for European headquarters|date=2022-10-12|website=reuters.com}}

The company operates under the EMI (Electronic Money Institution) license and has passporting rights across various European Economic Area (EEA) countries, including France,{{Cite web |title=Foris Dax MT Limited |url=https://protectepargne.amf-france.org/acteurs-listes-blanches/psan/foris-dax-mt-limited |access-date=2024-07-04 |website=AMF Protect Epargne |language=fr}} Slovenia,{{Cite news |title=LIST OF NOTIFICATIONS OF ELECTRONIC MONEY INSTITUTIONS(63) |url=https://www.bsi.si/ckfinder/connector?command=Proxy&lang=en&type=Files¤tFolder=%2F&hash=6ce6c512ea433a7fc5c8841628e7696cd0ff7f2b&fileName=LIST%20OF%20NOTIFICATIONS%20OF%20ELECTRONIC%20MONEY%20INSTITUTIONS(63).pdf}} Spain, Sweden, etc. Additionally, Crypto.com holds VASP (Virtual Asset Service Provider) registrations in several European countries,{{Cite web |title=Foris Dax MT Limited |url=https://www.cysec.gov.cy/en-GB/entities/crypto-asset-services-providers-casps/eea-casps/92962 |website=cysec}}{{Cite web |title=Financial Services Register |url=https://www.mfsa.mt/financial-services-register/ |access-date=2024-07-04 |website=MFSA |language=en-US}} adhering to the 5AMLD (Fifth Anti-Money Laundering Directive) regulations.

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