Categories
Business

Italy welcomes Crypto.com exchange after Binance And Coinbase

Singapore-based, Crypto.com has announced that the company has been registered as a cryptocurrency operator in Italy.

After exploring every nook and cranny in Asia, crypto entrepreneurs now appear to be focusing on Africa, the Middle East, and Europe. Italy has recently announced that Crypto.com can now legally operate in the country.ย 

In a recent press release, the exchange announced that it had acquired the regulatory approval of Organismo Agenti e Mediatori [OAM].

With this development, the exchange will be allowed to offer an array of products and services to its Italian customers. Speaking about this, the co-founder and CEO of Crypto.com, Kris Marszalek further said,

โ€œWe are excited to receive this registration in Italy and view it as a major step forward for Crypto.com. We are committed to building lasting growth in the region and will continue working with regulators to deliver a wide range of products and services to our valued customers.โ€

OAM recently mandated that cryptocurrency businesses obtain regulatory approval in order to operate in the nation. Coinbase recently received approval to offer its services to Italian customers. A month ago, Binance bought a license.

It is important to note that Crypto.com has already marked its presence in Italy. The exchange and Lega Serie A teamed together to administer the Coppa Italia, a prestigious yearly football club competition, back in 2021.

Furthermore, similar to its counterparts, Crypto.com seemed to be eyeing a Euro expansion. The firm had recently registered itself in Greece after the Hellenic Capital Market Commission gave it the green light.