Crypto.com Partners with Deutsche Bank for Corporate Banking Services in Asia-Pacific
On December 10, Crypto.com announced a partnership with Deutsche Bank, Germany's largest bank, to enhance its corporate banking services in Singapore, Australia, and Hong Kong.
Strengthening Regional Operations
The collaboration allows Crypto.com to utilize Deutsche Bank's corporate banking expertise for various financial operations, including payroll, vendor payments, treasury management, and facilitating fiat-cryptocurrency conversions for users. This partnership aims to improve operational efficiency and provide a reliable banking foundation as Crypto.com expands in the Asia-Pacific region.
Kriti Jain, a senior executive at Deutsche Bank, stated, “We are delighted to support Crypto.com’s strategic businesses in Asia Pacific. Our strong track record with serving global new economy clients positions us strongly to help Crypto.com with its long-term growth ambitions.”
Crypto.com intends to enhance the banking relationship further to cover additional markets and provide more banking support in the future.
Beyond Banking: A Commitment to Innovation
This partnership coincides with Crypto.com's efforts to expand its offerings and strengthen its brand. The company recently announced its 2025 product roadmap and launched the "Level Up" benefits program, which offers enhanced rewards and user experiences.
In 2025, Crypto.com plans to introduce new products, including an evolved CRYPTO offering featuring rewards on Bitcoin, marginalized derivatives, and Cronos AI Dev tools.
Earlier this month, the exchange received a principal license from Mastercard, allowing it to issue cards through the Mastercard network. This enables the launch of a new card in Bahrain, with plans for gradual expansion across the Gulf Cooperation Council (GCC) region.
The Mastercard-powered cards will allow users to make purchases at over 150 million locations worldwide, both in-store and online. Users can fund their cards via the Crypto.com app by using e-money wallets or linking external credit and debit cards.
The card offering will be available across all five tiers of Crypto.com’s card program, including the premium Black Obsidian tier, which provides rewards of up to 8% on spending, with all tiers using the US dollar as the base currency.