Crypto.com said on Wednesday that the exchange will invest €150 million (US$145.5 million) in France to set up a European headquarters in Paris and expand operations in the region.
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Fast facts
- The Singapore-based exchange said it will focus on compliance, business development and product with local hires.
- Crypto.com received its regulatory approval in France last month to offer services as a registered Digital Asset Service Provider (DASP).
- Crypto.com joins Binance as a major cryptocurrency exchange entering France.
- It also has in-principle approval from Singapore to provide digital assets services in the city-state, and provisional approval of Dubai’s crypto license.
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