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Cryptocurrency Exchange Crypto.com Expands to Italy
It's the latest expansion step after approvals in Greece, Singapore and Dubai.
By Cam Thompson
Updated May 11, 2023, 5:34 p.m. Published Jul 19, 2022, 11:00 a.m. 1 min read
Crypto.com has won regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM), allowing the exchange to distribute its products and services to customers in that country.
It’s the latest expansion step for Crypto.com, recently won approval to operate in Greece, in June obtained a license in Singapore, and in March opened an office in Dubai.
“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,” said company co-founder and CEO Kris Marszalek in a press release Tuesday.
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The inclusion could attract fresh passive inflows from index-tracking funds, while the firm's stock tanked 95% from its peak over the past year.
What to know:
- SharpLink will join the Russell 2000 and Russell 3000 indexes effective June 29.
- The company held nearly 873,000 ETH, worth roughly $1.8 billion at current prices.
- The inclusion comes as many digital asset treasury firms have slowed or halted crypto purchases.
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