December 12, 2024
By Our Correspondent
Singapore-based cryptocurrency exchange Crypto.com announced on Tuesday that it has engaged Deutsche Bank to deliver corporate banking services in Singapore, Australia, and Hong Kong. The partnership signifies a commitment to collaborate closely in order to enhance banking support and expand country coverage as their relationship evolves.
In a statement, Crypto.com described this partnership as a significant milestone for its operations, facilitating seamless corporate banking capabilities, improving efficiency, and establishing a robust banking foundation in the region.
“This partnership is a pivotal moment for us and underscores our dedication to security and compliance. Collaborating with one of the foremost financial services providers globally strengthens our existing presence and we are eager to advance this relationship with Deutsche Bank’s support,” stated Karl Mohan, General Manager for APAC and MEA and Global Head of Banking Partnerships at Crypto.com.
Kriti Jain, Head of New Economy Corporate Coverage for APAC and Cash Sales for APAC & MEA at Deutsche Bank, expressed enthusiasm for supporting Crypto.com’s strategic initiatives in the Asia Pacific region. “Our proven success in serving global new economy clients, along with our commitment to innovation and extensive global network, positions us well to assist Crypto.com in achieving its long-term growth objectives,” he remarked.
This announcement comes on the heels of several recent significant achievements for Crypto.com, including its product roadmap for 2025 and the introduction of its benefits and rewards program through Level Up. Established in 2016, Crypto.com serves over 100 million customers globally and is dedicated to promoting cryptocurrency adoption through innovation, empowering the next generation of builders, creators, and entrepreneurs to foster a more equitable digital ecosystem.
Deutsche Bank, headquartered in Germany, offers a range of services including retail and private banking, corporate and transaction banking, lending, as well as asset and wealth management.
