The cryptocurrency platform Crypto.com has completed the acquisition of Allnew Investments Ltd, which holds a license from the Cyprus Securities and Exchange Commission (CySEC). This will enable the exchange to offer new investment services, including securities, derivatives, and contracts for difference (CFD) within the European Economic Area (EEA).
This is reported by Finway
New Opportunities for Crypto.com
With the obtained MiFID license, Crypto.com will be able to expand its range of financial instruments available to users. The company emphasized that the new status opens access to a wide array of financial products and services in the region, contributing to the development of their product line.
Comments from Company Leadership
Co-founder and CEO of Crypto.com, Kris Marszalek, stated:
“Obtaining the MiFID license further strengthens Crypto.com’s position as a provider of the most comprehensive and regulated set of financial products for users in the EEA.”
Additionally, it is worth noting that the Kraken exchange previously received licenses to operate in the financial markets of the European Union by acquiring a Cypriot investment company.