The post Crypto.com Makes Big Move in Australia: Here’s What’s Next appeared first on Coinpedia Fintech News
Crypto.com, one of the major players in the crypto world, just took a big step into traditional finance in Australia. By snapping up Fintek Securities, an Aussie brokerage licensed by ASIC, they’re adding more than just crypto to their lineup. With Fintek under its wing, Crypto.com can now offer a broader range of financial products to Australian users. This expansion hints at some interesting new offerings that could make managing money—crypto or not—way easier on one platform.
From Crypto to Brokerage: What’s Changing?
So, what’s this acquisition all about? Fintek’s ASIC-regulated license allows Crypto.com to offer more than just crypto; think deposit products, securities, and even foreign exchange. For users, it means one app for both their traditional and crypto financial needs. This isn’t Crypto.com’s first venture into the brokerage world either. They already acquired Watchdog Capital, a U.S.-registered brokerage, to start building out these services.
According to CEO Kris Marszalek, Crypto.com’s goal is to be a one-stop shop, where users can do everything financially in one place. So, adding Fintek to their lineup in Australia opens doors for Crypto.com to draw in users who might be interested in both crypto and traditional finance.
Compliance and Regulations: Why It Matters
Acquiring Fintek isn’t just about more services; it’s also about legitimacy and security for Australian users. Fintek’s license with ASIC gives Crypto.com a solid regulatory base to operate securely in Australia. They’re familiar with this space too. Back in 2020, Crypto.com acquired The Card Group, which also helped them gain a local license. However, The Card Group acquisition info recently disappeared from Crypto.com’s site, hinting that there might be some updates or adjustments behind the scenes.
This move also signals that Crypto.com is taking regulatory compliance seriously, which could attract more people who are looking for a secure platform for their money, crypto or otherwise.
What’s Next for Aussie Users?
For Australians on Crypto.com, this acquisition means that new financial services—like derivatives and securities—are likely coming soon. Crypto.com has been planning a lineup of financial products through 2025, so it’s safe to expect some interesting offerings over the next year. They’re also rolling out their “Level Up” program globally to reward loyal users and make the whole experience better.
With over 100 million users worldwide, Crypto.com is aiming to create an all-in-one platform that blends crypto and traditional finance under one roof. It’s a big move that could change how Australians manage their money, blending the flexibility of crypto with the familiarity of traditional finance options.
What to Expect
Crypto.com’s Fintek acquisition is a bold step in its mission to make crypto mainstream. By pulling in traditional finance products, they’re not just targeting crypto enthusiasts but also everyday users who want a secure, all-in-one financial solution. With new services on the way, Crypto.com’s journey is far from over. Keep an eye out as they roll out these updates—2025 might just bring a whole new wave of financial options for Australians.