Key Takeaways:
- Expanded Services in Australia: Crypto.com acquires Fintek, gaining an Australian Financial Services Licence to offer equities, derivatives, and forex trading.
- Strategic Milestone: Access to global stock exchanges like NYSE and Nasdaq enhances Crypto.com’s ability to integrate traditional and digital finance.
- Regulatory Engagement: Crypto.com collaborates with ASIC and supports clearer crypto regulations in Australia, ensuring compliance and market growth.
Crypto.com has expanded its financial offerings in Australia by acquiring Fintek Securities, a regulated brokerage firm.
This acquisition provides Crypto.com with an Australian Financial Services Licence (AFSL), enabling it to offer equities, derivatives, and forex trading.
Today we’re proud to announce the acquisition of Australia-based Fintek Securities Pte Ltd.
— Crypto.com (@cryptocom) November 14, 2024
This acquisition will allow us to offer deposit products, derivatives, securities, foreign exchange, and managed investment schemes to more users in Australia.
This is another solid step… pic.twitter.com/85ydR8WL5B
Fintek’s regulation by the Australian Securities and Investments Commission (ASIC) ensures compliance with local financial laws.
This move allows Crypto.com to facilitate equities trading on major global stock exchanges, including those in Australia, the U.S., and the U.K.
Additionally, it positions the platform to offer a wider array of financial services, such as deposit products, securities, and managed investment schemes.
https://t.co/hglQp7AMzv said on Sunday it has acquired Fintek Securities, an Australian brokerage and trading firm regulated by the Australian Securities and Investments Commission (ASIC), as part of its expansion plans within the island nation. https://t.co/W0AorgVrRx
— Decrypt (@decryptmedia) November 18, 2024
Vakul Talwar, Crypto.com’s general manager for Australia, emphasized the company’s vision of integrating traditional finance with digital assets, enabling users to manage diverse portfolios more efficiently.
In Australia, cryptocurrencies are legal to trade and hold, but regulatory clarity remains a work in progress.
Crypto.com is collaborating with ASIC and the government to support the development of clearer regulations while ensuring compliance.
Finally, we announced the acquisition of a SEC registered broker-dealer, Watchdog Capital LLC. This will enable https://t.co/pFc4Pz9nFR to offer equities and equity options, among other products, to our traders in the US. pic.twitter.com/6S3qrlzfCM
— Kris | Crypto.com (@kris) November 1, 2024
This development follows Crypto.com’s recent acquisition of U.S.-based Watchdog Capital, which broadened its capabilities in traditional finance.
Through these strategic expansions, Crypto.com is strengthening its position as a bridge between traditional and digital financial markets globally.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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