Crypto.com Acquires Orion to Expand Cryptocurrency Financial Services
Crypto.com Acquires Orion to Enhance Cryptocurrency Services
Crypto.com, a leading crypto exchange, has announced the acquisition of Orion Principals Limited, a regulated brokerage in the Abu Dhabi Global Market (ADGM). This strategic move aims to significantly expand its crypto financial services portfolio.
Expanding Financial Offerings
The acquisition is a step towards integrating traditional financial products such as securities, options, futures, and contracts for difference (CFDs) into Crypto.com’s services. Orion, based in Abu Dhabi, specializes in investment and ancillary services for various financial instruments.
Kris Marszalek's Vision
Kris Marszalek, the CEO of Crypto.com, characterized this acquisition as a milestone for the exchange's financial innovation and market expansion. He stated, “We have a clear path set out in our product roadmap for 2025, aiming to offer our users a comprehensive platform for a broad range of financial investment services.” The company is keenly focused on strengthening its presence in the UAE, utilizing the region's robust regulatory framework for digital assets.
Following a Pattern of Strategic Acquisitions
Orion marks the latest addition to Crypto.com's expanding portfolio. Prior acquisitions include Fintek Securities, Charterprime, and Watchdog Capital. Additionally, the exchange has launched its product roadmap for 2025 and the Level Up rewards program, enhancing its commitment to innovative financial services.
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