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)


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