Home Business Crypto.com Chooses Paris for European Headquarters

Crypto.com Chooses Paris for European Headquarters

Crypto.com Chooses Paris for European Headquarters

The Singapore-based company said on Wednesday that cryptocurrency platform Crypto.com will set up its European regional headquarters in Paris.

The firm will invest 150 million euros ($145.7 million) in France to support the establishment of its market operations, it said in a statement, adding that it will employ local talent in the areas of compliance, business development and product development.

The cryptocurrency exchange platform, which has more than 50 million users worldwide, received regulatory approval by the French Markets Authority last month, allowing it to offer products and services to clients in France.

Crypto.com also received regulatory approval in the United Kingdom and Italy earlier this year.

In May, cryptocurrency exchange Binance said it had registered with French markets regulator David Prinsé, general manager of Binance France, saying it was now seeking a formal license to open a regional headquarters in France.

($1 = 1.0299 euros)

RELATED ARTICLES

Rupee rises 13 paise to 81.59 against dollar

<!-- -->The rupee appreciated 13 paise to 81.59 against the dollar in early trade.The rupee appreciated 3 paise to 81.59 against the US dollar...

Nifty rises 61.5 points to 18,679.55 in early trade

<!-- -->Indian stock indices were largely flat in the opening session. (File)Indian stock indices remained largely flat on Wednesday morning and remained at...

RBI set to launch retail digital rupee pilot: 10 points

<!-- -->However, retail digital rupees can be converted into deposits with banks earning interest. (file)New Delhi: Users can transact through digital wallets; ...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

The bloody game of TTP terrorists starts in Pakistan as soon as Aseem Munir arrives! Suicide blast in Quetta, two dead, 24 injured

Islamabad : The threat of Tehreek-e-Taliban Pakistan is once again hovering over Pakistan. The news is coming that there has been a bomb...

“Forgive Me Shoaib”: Pakistan Star Recalls Andrew Flintoff’s Reply After Facing His Bouncers | cricket news

File photo of Shoaib Akhtar© YoutubeEngland will play their first Test match in Pakistan in 17 years when the first Test of a three-match...

Six Chinese astronauts gather for the first time in the space station

China Shenzhou-15: Three astronauts aboard a spacecraft arriving at China's under-construction space station today (November 30) met their three colleagues present there. With...

Diabetes: Prevention and Diet Management Strategy by our Consultant Nutritionist

Diabetes is a condition in which the body's glucose metabolism gets out of sync. Normally, food is digested and glucose is released into...

Recent Comments