KEY TAKEAWAYS
- Crypto.com acquires Fintek Securities to expand its financial product offerings in Australia.
- The acquisition allows Crypto.com to provide a comprehensive range of services, including derivatives and securities.
- This move is part of Crypto.com’s strategy to become a one-stop destination for financial services.
- Further details on new services will be announced in the coming weeks.
Melbourne, November 13, 2024 – Crypto.com has announced the acquisition of Fintek Securities Pty Ltd. (Fintek), a brokerage service and trading company. Fintek holds an Australian Financial Services Licence and is regulated by the Australian Securities and Investments Commission.
This acquisition will enable Crypto.com to offer eligible users a wide range of financial products, including deposit products, derivatives, securities, foreign exchange, and managed investment schemes. This move marks the second acquisition by Crypto.com aimed at enhancing traditional brokerage capabilities, following the earlier acquisition of SEC-registered Watchdog Capital, LLC.
Kris Marszalek, CEO of Crypto.com, stated, “The path of the Crypto.com roadmap is to ambitiously expand our offering by providing customers the most comprehensive set of financial services, and this acquisition is the latest step in that journey.” He emphasized the goal of creating a single destination for all financial services, aiming to simplify user experience and maximize rewards.
Further details on the launch of these new services, including derivatives and securities offerings for eligible Crypto.com customers, will be shared in the coming weeks. This announcement follows several significant milestones for Crypto.com, including the unveiling of the Crypto.com product roadmap for 2025 and the launch of the Level Up rewards experience.
The acquisition was announced here.
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