Crypto companies and exchanges are rapidly growing. Companies are attempting to attract people from all around the world as the usage of cryptocurrencies increases globally.
Platforms around the industry have begun to recognize promise in the European area after concentrating on Asia for a considerable amount of time. In an effort to get the endorsement of regional regulators, Crypto.com has been traveling around Europe. More recently, the company was able to secure a favorable response from French officials.
The exchange apparently became a registered Digital Asset Service Provider [DASP] in the area after a rigorous evaluation procedure. Following authorization from the Autorité de Contrôle Prudentiel et de Résolution [ACPR], Crypto.com also received approval to function as a DASP from the Autorité des Marchés Financiers [AMF].
In one of the recent announcements, the exchange confirmed an investment of €150 million in France and that it was choosing Paris as the European headquarters.
The company stated, “Crypto.com, the world’s fastest growing cryptocurrency platform, will invest €150 million in France to support the establishment of its market operations, including a regional headquarters in Paris.”
Crypto.com’s €150 million investment will also focus on hiring local talents from France. The exchange is trying to establish its commitment by focusing on compliance, local business development, and products.
Eric Anziani, COO of Crypto.com commented, “Our regulatory approval was the first important step in our journey in France, and we look forward to continuing to engage with stakeholders across sectors to help facilitate the new digital economy in France and providing customers a best-in-class crypto experience,”
Anziani also stated that the team is excited to make its relationship with Europe robust with Paris as its new HQ. The exchange has been expanding and adding new features to its platform. It recently added an auto-to-up feature for its cardholders.