Crypto.com Expands Services to All EEA Member States Following Malta License
Crypto.com has expanded its services to all European Economic Area (EEA) member states, following regulatory approval in Malta. This allows the company to operate under the EU’s Markets in Crypto-Assets Regulation (MiCA) framework.
- Secured a full Class 3 Virtual Financial Assets (VFA) license from the Malta Financial Services Authority in January.
- Can legally passport services across 27 EU nations while maintaining its headquarters in Malta.
- Intends to increase digital asset adoption and accessibility in Germany, France, and the Netherlands.
The company also delisted Tether’s USDT and nine other assets due to non-compliance with MiCA rules, halting deposits for these cryptocurrencies.
Global Strategy
- Expanded presence in the US with a new institutional-grade exchange for hedge funds and asset managers.
- Regulated in Dubai and acquired Orion Principals Limited for operations in the UAE.
- Plans to introduce stock trading and expand banking services by early 2025.
- Aiming to launch a stablecoin in Q3 2025 and file for an ETF focused on its native token, Cronos (CRO).