CryptoCom inställd för fransk expansion, kommer att investera $145M
- Singapore-based crypto exchange platform Cryptocom has invested €150 million (around $145 million) into France, aiming to support its operations in the nation.
- Börsen kommer att etablera sitt EU-huvudkontor i huvudstaden och försöka ta med lokala talanger inom blockkedjeområdet, med fokus på efterlevnad, produkt- och affärsutveckling.
- Cryptocom planerar att använda en del av fonden i marknadsföringsinsatser i Europa, vilket stärker sin position i regionen.
Singapore-baserad kryptoväxlingsplattform Cryptocom (CRO) is continuously expanding its presence in the European crypto market. According to the latest development, the exchange has invested €150 million (around $145 million) into France, aiming to support its operations in the nation.
The exchange’s new investment, which will establish its EU headquarters in the capital city, will also seek to onboard local talent in the blockchain field, with a focus on compliance, product, and business development. Moreover, Cryptocom is planning to use some portion of the fund in marketing efforts in Europe, solidifying its position in the region.
The approvals from the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) come following checks on its procedures for AML and countering the financing of terrorism, according to an emailed statement on Wednesday.
“The European market is critical to Crypto.com’s long-term growth and success and we are extremely proud to have received AMF approval in France,”
Kris Marszalek, VD för Crypto.com, sa i uttalandet.
Notably, the new development comes soon after the exchange won approval from the French regulators to operate as a Digital Asset Service Provider (DASP) in L’hexagone.
“We are incredibly excited to cement our commitment to France and Europe through the establishment of our regional headquarters in Paris,”
Eric Anziani, COO för börsen sa då (28 september).
Innan Frankrike, i juli i år, hade Crypto.com redan imponerat på tillsynsmyndigheter i Italien för att få licens för att lagligt erbjuda sina tjänster i landet.
In addition to Cryptocom, several cryptocurrency exchanges based outside of France, including London-headquartered Luno and Changpeng Zhao’s Binance, have recently acquired licences in France as the nation works to position itself as a hub for blockchain technology.
Similar to Cryptocom, the world’s largest crypto exchange Binance also made headlines when it meddelat its €100 million (about $97 million) investment into France while calling the country “uniquely positioned to be the leader of [crypto] industry in Europe.”
Binance, som tillkännagav finansieringsnyheterna under Paris Blockchain Week Summit i april i år, syftade till att göra det möjligt för lokala startups att dra nytta av BNB Chain, NFT Labs och Binance Labs för att ge liv åt sina idéer.
En kryptojournalist med över 3 års erfarenhet av DeFi, NFT, metaverse etc. Parth har arbetat med stora medier inom krypto- och finansvärlden och har skaffat sig erfarenhet och expertis inom kryptokultur efter att ha överlevt björn- och tjurmarknader genom åren.
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