KEY TAKEAWAYS
- Crypto.com has acquired Orion Principals Limited to expand its offerings in traditional financial services.
- This acquisition allows Crypto.com to offer a range of financial products, including securities and futures, to eligible users.
- The move aligns with Crypto.com’s 2025 product roadmap to enhance its platform with comprehensive investment services.
- Crypto.com continues to strengthen its presence in the UAE, leveraging the region’s robust regulatory framework for digital assets.
Dubai, December 9, 2024 – Crypto.com has announced a strategic acquisition of Orion Principals Limited, a brokerage firm regulated by the Abu Dhabi Global Market (ADGM). This move is part of Crypto.com’s plan to expand its offerings in traditional financial services.
Orion Principals Limited, based in Abu Dhabi, is licensed by ADGM to provide investment and ancillary services related to various financial instruments. With this acquisition, Crypto.com aims to offer eligible users a range of financial products, including securities, options, futures, and contracts for difference.
Kris Marszalek, CEO of Crypto.com, stated, “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.” He also highlighted the company’s growing presence in the UAE, noting the region’s strong regulatory framework for digital assets and ADGM’s support for innovation.
Further details on the launch of these services for eligible users will be shared in the coming weeks. This acquisition follows a series of recent strategic moves by Crypto.com, including the acquisition of Fintek Securities Pty Ltd., Charterprime Ltd, and SEC-registered broker-dealer Watchdog Capital, LLC.
In November, Crypto.com unveiled its product roadmap for 2025, which includes the launch of its most significant benefits and rewards experience through Level Up. Founded in 2016, Crypto.com is trusted by over 100 million customers worldwide and is known for its focus on regulatory compliance, security, and privacy.
For more information, visit the official announcement here.
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