Through its partnership with Deutsche Bank, Crypto.com has secured a solid banking foundation to support its day-to-day operations in Singapore, Hong Kong, and Australia.
By Chimamanda U. Martha
Edited by Julia Sakovich
Updated
3 mins read
On Tuesday, December 10, Crypto.com announced that it has taken a pivotal step to strengthen its global operations by partnering with Deutsche Bank, the largest bank in Germany, for corporate banking services in Singapore, Australia, and Hong Kong.
The collaboration aims to streamline financial operations and bolster the company’s infrastructure in three of its most strategically important markets.
The new partnership enables Crypto.com to leverage Deutsche Bank’s robust corporate banking expertise to support its day-to-day financial needs, ranging from payroll, vendor payments, and treasury management to facilitating the smooth conversion between fiat currencies and cryptocurrencies for Crypto.com’s users.
The partnership is expected to enhance operational efficiency, providing the crypto exchange with a more seamless and reliable banking foundation as it scales in the Asia-Pacific region.
“We are delighted to support Crypto.com’s strategic businesses in Asia Pacific. Our strong track record with serving global new economy clients, combined with our commitment to innovation and broad global network, position us strongly to help Crypto.com with its long-term growth ambitions,” said Kriti Jain, senior executive at Deutsche Bank.
Crypto.com plans to strengthen the banking relationship to cover other markets and provide additional banking support in the future.
Meanwhile, the latest collaboration comes as Crypto.com is making significant strides in expanding its offerings and strengthening its brand.
The company recently announced its 2025 product roadmap and launched its new benefits program, “Level Up,” which promises enhanced rewards and new user experiences.
Crypto.com plans to introduce a series of products and services in 2025, “starting with the evolution of our CRYPTO offering, which includes rewards on Bitcoin, marginalized derivatives, Cronos AI Dev tools, and more”.
Earlier this month, the exchange received a principal license from Mastercard, enabling it to issue cards directly through the Mastercard network. This milestone allows Crypto.com to launch a new card in Bahrain, with plans to gradually expand its availability across the Gulf Cooperation Council (GCC) region.
The Mastercard-powered cards will allow the exchange’s users to make purchases at more than 150 million locations globally, including in-store and online. Users can also fund their cards through the Crypto.com app by using e-money wallets or linking external credit and debit cards.
The card offering will be available across all five tiers of Crypto.com’s card program, including the premium Black Obsidian tier. This top-tier card provides users with rewards of up to 8% on their spending, with all tiers utilizing the US dollar as the base currency.
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
