Crypto.com News: Latest Updates and Insights
Did you know the crypto market is now worth a huge $2.08 trillion? At Crypto.com, we’re always at the cutting edge of this evolving market. It’s vital to keep up with the latest news from Crypto.com for anyone interested in crypto or investing1. With our new partnerships and network improvements, Crypto.com strives to make your experience in the global cryptocurrency market better1.
Key Takeaways
- Crypto.com lists Polygon Ecosystem Token (POL) for easy buying with over 20 different fiat currencies2.
- The newest partnership with PayPal adds a fresh payment option for U.S. customers2.
- Crypto.com has grown its retail services worldwide, using Dubai Hub with support from Standard Chartered for deposits and withdrawals in various currencies2.
- The company teamed up with UEFA for the UEFA Champions League2.
- A unique collaboration with the Abu Dhabi Combat Club makes Crypto.com the sole cryptocurrency partner for the ADCC Submission Fighting World Championship 20242.
- Institutions see better digital asset liquidity thanks to a link with Wyden2.
We will bring you detailed updates and the latest news on Crypto.com. Dive into these thrilling developments with us.
Crypto.com Unveils Global Retail Services from Dubai Hub
Crypto.com is launching its global retail services from Dubai. This places Crypto.com at the digital market’s forefront. Users worldwide can easily deposit and withdraw funds.
The Dubai hub is a crucial gateway. It allows Crypto.com to offer top-notch financial solutions globally.
Global Reach and Impact
Crypto.com has over 100 million users around the world. It aims to offer a seamless platform for them. Users in over 90 countries can deal with more than 250 cryptocurrencies through the Crypto.com app34.
The Dubai hub improves services for international users. It makes cross-border transactions simpler and more efficient.
Aligning with the UAE’s digital asset goals is key to Crypto.com’s growth5. It initially focuses on UAE clients. In the Crypto.com app4, they can find various financial products.
Getting licenses in countries like the Netherlands, Spain, France, and the UK shows Crypto.com’s commitment to rules and global service3.
Partnership with Standard Chartered
The collaboration with Standard Chartered is a major step. It ensures fast and safe deposits and withdrawals. Through the Crypto.com app, clients use major currencies like USD, EUR, and AED54.
Standard Chartered’s banking services help Crypto.com offer different currency options. It raises the bar in crypto services3. This partnership also brings unique deals, attracting more users to Crypto.com’s services5.
Crypto.com’s partnership with Standard Chartered and UEFA highlights its ambitious vision. This vision is backed by approval from Dubai’s Virtual Assets Regulatory Authority. Thus, Crypto.com strengthens its leadership in the digital asset industry4.
| Feature | Details |
|---|---|
| Global User Access | Over 90 countries, 100 million users worldwide |
| Cryptocurrency Availability | More than 250 cryptocurrencies |
| Banking Partner | Standard Chartered |
| Major Currencies Supported | USD, EUR, AED |
| Regional Focus | UAE, with plans to expand globally |
Crypto.com Adds PayPal as Payment Method
Crypto.com now supports PayPal for U.S. users, making it easier to buy cryptocurrency. This move makes using Crypto.com smoother. It opens new doors for easier and quicker cryptocurrency transactions.
Integration and User Experience
Crypto.com users can now move money from PayPal straight to their wallets. This makes buying crypto tokens easier67. It’s a big step towards improving how users interact with Crypto.com, thanks to PayPal’s reliability.
This feature is starting in the U.S. but will reach more users worldwide6. Linking PayPal with Crypto.com accounts simplifies buying crypto7.
Benefits for U.S. Customers
Crypto.com and PayPal teaming up brings several perks for U.S. consumers. For instance, they can use PayPal to refill their Crypto.com Visa Cards67. This approach makes using cryptocurrencies easier and encourages more people to get involved.
U.S. folks now have more ways to pay on Crypto.com6. PayPal’s varied payment options enhance the crypto buying process. It shows PayPal’s goal of giving users more choice for funding crypto investments7.
The new addition to Crypto.com involves adding PayPal, a trusted payment method. This aims to keep user experience at its peak and meet the demands of today’s finance world.
Crypto.com and UEFA Announce UEFA Champions League Partnership
Crypto.com has teamed up with the UEFA Champions League in a major deal. This partnership is a big leap forward in sports collaborations8. Both sides are committed to this partnership for the long haul8.
This partnership will use Crypto.com’s huge community of over 100 million users. It aims to boost fan involvement with football and cryptocurrency9. Fans will get a new and better experience through this mix of sports and digital finance.
Crypto.com is already well-known because of its links with big events and places. These include the FIFA World Cup Qatar 2022 and Crypto.com Arena in Los Angeles9. Joining forces with UEFA adds more fame to its list of sports partnerships8.
UEFA puts a lot of its money back into football, supporting its 55 member associations10. With Crypto.com, UEFA aims to lead in using new tech and improving how fans enjoy games8.
| Partnership Factors | Crypto.com | UEFA |
|---|---|---|
| Global Recognition | FIFA World Cup 2022, Crypto.com Arena | UEFA Champions League |
| Revenue Investment | Engaging Sports Fans | 97% in Football Activities |
| Partnership Duration | Multi-Year | Multi-Year |
| Community Size | 100+ Million Users | 55 Member Associations |
In summary, Crypto.com and UEFA’s partnership is a huge deal in the mix of cryptocurrency and sports. It promises to make the fan experience better and deepen the bond between digital finance and top-tier football.
Crypto.com Launches First-of-Its-Kind Partnership with Abu Dhabi Combat Club
Crypto.com has started a groundbreaking partnership with the Abu Dhabi Combat Club. They’ve become the exclusive cryptocurrency partner. This move is very timely with the ADCC Submission Fighting World Championship 2024 coming up. It shows Crypto.com’s drive to blend cryptocurrency into different worlds, like sports and entertainment.
Exclusive Cryptocurrency Partner
As the key cryptocurrency partner, Crypto.com will greatly enhance the financial side of the ADCC World Championship 2024. They aim to make transactions smooth and efficient for athletes, fans, and those running the event. This partnership also matches the increasing mix of blockchain technology into sports, drawing more global attention.
The partnership also shows Crypto.com’s focus on growth and new ideas within the crypto world. Tokenized assets might reach a value of $16.1 trillion by 203011. This collaboration could set the stage for more such partnerships in sports and beyond.
Details of Upcoming ADCC Submission Fighting World Championship 2024
The 2024 ADCC Submission Fighting World Championship is going to be a significant event. It will feature top fighters from across the globe. With Crypto.com involved, the event will offer a cutting-edge, tech-rich experience for everyone there. It’s a key moment for both the competitors and Crypto.com’s role in sports.
In 2022’s first half, crypto had already seen over $30.3 billion in fundraising11. This beat the total for 2021. This shows the strong future of the crypto market. The partnership between Crypto.com and the Abu Dhabi Combat Club is both timely and forward-thinking.
Wyden Integrates with Crypto.com
The Wyden integration with Crypto.com marks a big step in the world of digital finance. It boosts the strength and range of both companies. Their goal is to improve digital asset liquidity for institutions and help the market grow.
Enhanced Institutional Digital Asset Liquidity
Wyden joining forces with the Amsterdam-based Hyphe shows real progress. Hyphe, with its German branch licensed by BaFin, stands for safe and legal digital deals12. With this, traders can count on services that hardly ever go down13.
Wyden’s network now connects to more than 55 liquidity venues. Names like Rulematch, Wintermute, and Woorton are part of this list12. This wide network ensures deep market liquidity for smooth trades. Additionally, working with Hyphe gives access to special liquidity pools and high-tech platforms13. This isn’t just about tech; it’s about better market strategies too12.
Market Expansion and Benefits
The Wyden integration with Crypto.com is set to open up big market opportunities. Wyden’s global bases in Zurich, New York, and Singapore help support worldwide clients1213. In 2023, Wyden made key partnerships with Finnova, Temenos, Copper, and ClearLoop, boosting its market role12. These moves lay a strong foundation for Wyden’s growth, aiming at a successful series B financing in 202412.
This partnership also makes Crypto.com’s services better by adding top-notch trading technology for digital assets13. It means institutions can do transactions more smoothly and securely. This joint effort shows their dedication to bringing new solutions to the market.
To learn more about how this partnership works and its benefits, check out this insightful article.
Crypto.com Receives Virtual Asset Service Provider Registration from the Central Bank of Ireland
Keep up with Crypto.com as it marks a key step forward in the crypto world. The platform recently got its Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland. This achievement boosts Crypto.com’s operations in the European Union. It improves services like changing crypto to fiat and using fiat wallets.
The Central Bank of Ireland has seen more VASPs getting registered, showing its strong support for crypto growth14. Crypto.com now stands with top names like Coinbase, Ripple, and Gemini on the VASP list14. With this registration, Crypto.com gets a strong position. It’s ready as the EU plans to kick off the MiCA laws by December14.
Crypto companies are rushing to get EU approvals before the MiCA rules start, giving them a big advantage to work in all 27 states14. This registration highlights Crypto.com’s commitment to Ireland’s tough rules. It also boosts its reputation as a reliable crypto service provider.
| Registration Milestone | Implications |
|---|---|
| Registered as VASP in Ireland | Operational access to the EU market |
| Joined VASP register | Competitive edge in the EU |
| Increased market share | Enhanced service offerings |
On June 7, Crypto.com showed its proactive stance by registering under Foris DAX14. The time it takes the Central Bank of Ireland to approve a VASP has become key. It shows how well the regulatory process works, setting a positive scene for future registrations15.
With its latest success, Crypto.com continues to expand globally. As a leader in virtual asset services, it promises improved and secure services. This ensures you’re always in the loop with Crypto.com news and updates on laws.
Crypto.com Announces Membership of Adan
Crypto.com is excited to share news about joining Adan. This group connects over 200 members in the digital asset and blockchain space in France and Europe16. By doing this, Crypto.com shows its commitment to helping the industry grow and support innovation. It sees France as a key location for its work in Europe16. To strengthen this move, Crypto.com picked Paris as its regional base. It’s investing in local talent and supporting startups through partnerships and investments16.
Industry Development and Innovation Support
Crypto.com is working with Adan to boost Europe’s cryptocurrency market. They focus on responsible innovation and teaching about Web3 technologies17. Their efforts aim to build a strong base for digital assets. This is in response to Europe’s tightening rules for Web3 businesses, like new laws for smart contracts and on-chain apps16. By teaming up with Adan, Crypto.com supports the Markets in Crypto-Assets (MiCA) regulations16.
Impact on European Market
Eric Anziani from Crypto.com talks about the benefits of working with Adan. They focus on educating and following laws in Europe’s cryptocurrency market16. Adan is making a difference by working on policy with studies and forums with partners like KPMG and Ipsos. Their events attract many leaders and officials, showing great interest17. With the European Parliament’s nod to MiCA and the Transfer of Funds Regulation (TFR), they’re making big strides. This cooperation could open up new possibilities for Crypto.com, which serves over 100 million users globally. It’s poised to make a significant splash in the changing scene16.
New ‘Inevitable’ Downloadable Wallpapers from Crypto.com
Crypto.com has launched a new series of ‘Inevitable’ downloadable wallpapers. They answer the community’s growing need for branded digital items. These attractive wallpapers work great on both desktop and mobile, highlighting Crypto.com’s top news.
This release of ‘Inevitable’ wallpapers shows Crypto.com’s effort to connect with and expand its audience. They recently hit the milestone of 100 million global users. This achievement signifies their steady focus on excellence and innovation within the crypto world marking significant growth and expansion18.
Crypto.com also added PayPal USD (PYUSD) to its platform, offering more variety. They have removed the V2.1 Spot API to improve security and performance for users. These steps show Crypto.com’s ongoing commitment to delivering top services and digital goods to its community18.
The ‘Inevitable’ wallpapers from Crypto.com let you personalize your devices with high-quality, branded images. This move boosts brand presence. It also cements Crypto.com’s role as a crypto industry leader, always introducing innovative experiences and items.
Crypto.com’s regulation successes in Ireland and joining Adan showcase their active role in promoting industry growth and innovation18. These efforts, along with better security and new partnerships, keep Crypto.com leading in the crypto market.
Crypto.com App Lists Polygon Ecosystem Token (POL)
The Crypto.com App now offers the Polygon Ecosystem Token (POL). It signifies a big step for both users and investors. Crypto MATIC will change to the new POL asset on the Polygon network by September 4, 2024. The exchange rate will be 1:1 with MATIC19. This addition is expected to improve the user experience by offering more options for buying POL. It will also help users diversify their portfolios better.
Purchase Options and Availability
Looking to buy Polygon Ecosystem Tokens (POL)? The Crypto.com App gives you lots of choices. You can use USD, EUR, and over 20 other fiat currencies. Between August 30, 2024, 12:00 AM UTC, and September 6, 2024, 4:00 AM UTC20, staking or unstaking MATIC will be on hold. This pause helps ensure a smooth swap of staked MATIC to POL at a 1:1 ratio. This makes moving assets more convenient.
Impact on Users
The shift to the Polygon Ecosystem Token (POL) offers significant benefits. It makes it easier for current and future users to manage their investments. With an initial supply of 10 billion tokens and a 2% annual emission rate, POL provides a good chance for diversification21. A testnet phase started on July 17 to guarantee a smooth switch for users and developers. For those with MATIC on exchanges like Bybit, Kraken, and Gate.io, it will be shown as POL after the change21.
Here’s a quick look at the migration timetable for a clearer picture:
| Key Dates | Activity |
|---|---|
| July 17, 2024 | POL update active on testnet |
| August 30, 2024 | Staking and unstaking for MATIC suspended |
| September 4, 2024 | Final MATIC reward distribution; migration of Crypto Earn allocations and withdrawals |
| September 6, 2024 | POL staking and unstaking resumes |
Switching to POL comes with many benefits and a detailed migration guide. It guarantees Crypto.com users a better experience and smoother operations.
Crypto.com Will Be Supporting the Kaia (KLAY) Network Upgrade and Hard Fork
Crypto.com is ready to back the Kaia (KLAY) network’s big upgrade and crypto hard fork. This action shows Crypto.com’s promise to give non-stop service and support for the KLAY network upgrade to all users.
The Kaia mainnet is going to be a standout in the web3 area as the fastest Ethereum Virtual Machine (EVM) blockchain. It will boast a stunning one-second finality22. This boost will sharply increase transaction speeds, now at four transactions per second23.
KLAY users can look forward to strong support from top Asian web3 partners like Kakao and LINE NEXT22. This includes help from the Kaia Wave builder program, offering up to $1.2M in marketing, tech, and business support for each eligible team22. This support shows the great growth and development chances within the Kaia ecosystem.
With a market cap of $647,402,596 and 46 consensus nodes23, the KLAY network’s upgrade and hard fork will bring major improvements. The Kaia mainnet will start with a wide user base. It uses the 96% Kakaotalk adoption rate in South Korea. Plus, the strong presence of LINE messenger in Japan, Taiwan, and Thailand, with over 250 million users together22.
During the upgrade, KLAY deposits and withdrawals will stop for a while to make the switch smooth. Users should keep up with the news to avoid any service breaks. Crypto.com support will help users during this key time, to make the upgrade and hard fork go smoothly.
In short, this upgrade and hard fork are big steps for the KLAY community. With the backing of Crypto.com, users can expect better performance and more ecosystem integration. This upgrade shows Crypto.com’s dedication to innovation and high quality in the fast-changing crypto tech scene.
Crypto.com Supports the EigenLayer Upgrade
Crypto.com recently said it’s backing the EigenLayer Upgrade. This upgrade allows users to enjoy more benefits, like better ways to stake and restake ETH. It helps Crypto.com stay on top of the fast-moving world of crypto.
Staking and Earn Expectations
The EigenLayer Upgrade offers a lot of perks, especially with staking rewards on Crypto.com. It introduces a system where users can earn more by securing additional networks, without needing extra ETH24. Also, people who interact with EigenLayer before April 29th get at least 110 EIGEN tokens25.
It’s important to note that taking out your rewards from EigenLayer comes with a seven-day wait. This ensures everything is done securely and in order24.
Pre- and Post-Upgrade Details
Before the upgrade happened, users could get rewards through Eigen Points. These were earned by helping out the EigenLayer ecosystem. Getting these points could also mean you might receive special airdrops24.
With Phase II of the upgrade, new and advanced staking features came into play. One example is the introduction of the reALT token by Altlayer25. Big partnerships have also made EigenLayer even better. For example, Coinbase became an operator for an EigenLayer node for EigenDA25.
After the upgrade, users need to be careful with their Eigenlayer Restaked Points. It’s vital to understand the risks involved24.
DOT Flash Rewards Campaign on Crypto.com: Get 14% p.a.
Crypto.com has launched an exciting DOT Flash Rewards Campaign for its app users. You can earn up to 14% per annum on your DOT by joining a 14-day lockup period. But hurry, this offer is only open until 12 September 2024 or until the limit of 108,900 DOT is hit. Boost your crypto profits by joining now!
Limited-Time Offer Details
This DOT offer started on 29 August 2024 and ends on 12 September 2024. You need at least 7 DOT to join, but cannot allocate more than 1,100 DOT. Sadly, if you’ve maxed out your Earn allocation on Crypto.com, you can’t join this deal26.
The rules are straightforward, aiming for fair play for everyone interested.
How and Where to Participate
Want to earn more with Crypto.com? Log into the app, go to Earn, and pick DOT Flash Rewards. Make sure you’re eligible and follow all the rules to get the most out of this deal. Since rules can change, keep an eye on the official update page. Remember, not everyone can join, especially if you live in the U.S26.
For all the steps you need to follow, visit the official campaign page.
