Singapore based crypto exchange operator Crypto.com has taken steps to expand in the Australia markets, announcing the acquisition of Fintek Securities Pty Ltd, an MT5 based CFDs broker that holds an Australia Financial Services License, regulated by the Australian Securities and Investments Commission (ASIC).
With this acquisition, the Crypto.com family of companies will be able to offer eligible users a broad range of financial products, including deposit products, derivatives, securities, foreign exchange, managed investment schemes and more. This acquisition marks the second by Crypto.com that will enable traditional brokerage capabilities through the Crypto.com family of companies, following the earlier acquisition of SEC registered Watchdog Capital, LLC.
Kris Marszalek, CEO of Crypto.com said,
“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. The goal is to create one destination for all financial services where users can simplify their 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.
Crypto.com President and Chief Operating Officer Eric Anziani added on a social media post,
Today we’re proud to announce the acquisition of Australia-based Fintek Securities Pte Ltd.
This acquisition will allow us to offer deposit products, derivatives, securities, foreign exchange, and managed investment schemes to more users in Australia.
This is another solid step on our ambitious goal of offering a single global destination for all financial services.
