Crypto.com purchases Orion Principals to enhance its financial services, expanding offerings in securities, futures, and investment products globally.
By Temitope Olatunji
Edited by Julia Sakovich
Updated
3 mins read
Crypto exchange company Crypto.com has announced that it has taken over Orion Principals Limited, licensed by the Abu Dhabi Global Market (ADGM). The acquisition of this company will allow Crypto.com to offer diverse financial investment services.
Orion is a financial services firm based in Abu Dhabi specializing in brokerage activities. Also, it operates under the ADGM regulation, giving it the authority to provide investment or financial advisory services. The exchange revealed that securing Orion means Crypto.com will provide its users with financial services such as securities, futures, contracts for difference, and many more.
Crypto.com CEO Kris Marszalek explained that the plans for 2025 are clear: to offer their users a platform for different types of financial investment. Kris further stated that, despite UAE having one of the strongest regulatory frameworks for digital assets globally, they have been able to continue growing their presence in the country. He said:
“We have a clear path set out in our product roadmap for 2025 – to offer our users the most comprehensive platform for a broad range of financial investment services. We are continually growing our presence in the UAE, which has one of the strongest regulatory frameworks for the digital assets industry globally and we appreciate ADGM’s commitment to supporting innovation in our sector.”
The exchange mentioned that more information regarding the launch of the various services will be revealed to users in the coming weeks. The exchange has been making some acquisitions lately, as it recently acquired Fintek Securities Pty Ltd, Charterprime Ltd, and Capital LLC.
Founded in 2016, Crypto.com has grown rapidly, with more than 100 million users worldwide. It revealed its plans for 2025 last month and the launch of its various offerings. It also announced its acquisition of an Australian-based brokerage service and trading company, Fintek.
The exchange noted that the acquisition would allow its companies to provide users with diverse options of financial products, including deposit products, derivatives, securities, foreign exchange, managed investment schemes, and more.
Crypto.com’s CEO reacted to the Fintek acquisition, stating that the goal of the company is to expand its offerings and provide its users with various options when it comes to financial services. Kris mentioned that the goal is a single platform where users can access all financial services.
The continuous acquisition of different companies allows it to provide users with varying investment options, such as securities derivatives and managed investment products, further improving the available financial opportunities.
Its strategy of acquiring regulated companies indicates that the company is well aware of its regulatory framework. This gives users confidence to conduct transactions since they know the environment is secure and well-regulated. The acquisition strategy could also increase Crypto.com’s user base in the long run as the acquisitions open it to more people.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
