Crypto.com Teams Up with Deutsche Bank in Asia-Pacific

Expanding in Asia-Pacific

Crypto.com has partnered with Deutsche Bank to offer banking services across Asia-Pacific, including Singapore, Australia, and Hong Kong. Deutsche Bank will provide services like storing digital assets, converting fiat to crypto, and enabling international trades. Both companies plan to expand their collaboration to the UK and Europe soon.

Crypto.com’s Regional Push

Headquartered in Singapore, Crypto.com is making big moves in the region. In November, it acquired Australian brokerage Fintek Securities, allowing it to offer traditional financial products. In Hong Kong, the company operates under a provisional license from the Securities and Futures Commission, as regulators gear up to officially approve local crypto firms.

Asia Leading Crypto Growth

Asia-Pacific is becoming a global leader in crypto adoption. A report by Henley & Partners ranked Singapore, Hong Kong, and the UAE among the top countries for crypto use, with Singapore taking first place thanks to its strong banking system, clear regulations, and heavy investment in digital assets.

Moving Into Traditional Finance

Crypto.com is expanding into traditional finance. Its 2025 plans include services like stock trading, banking solutions, and credit cards. In October, the company also acquired Watchdog Capital, a U.S.-regulated broker, enabling it to offer stock and equity options trading in the U.S.

Competitors Joining In

Other crypto platforms like OKX are also stepping into traditional finance. OKX recently launched fiat deposits and withdrawals in Singapore after getting a local payment license and hiring a former regulator to lead its operations.