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Cryptocurrency exchange Crypto.com has announced a new partnership with Deutsche Bank to provide corporate banking services across Asian-Pacific markets, covering regions such as Singapore, Australia, and Hong Kong.&nbsp;
Deutsche Bank offers digital assets custody, fiat-to-crypto exchange, and cross-border trading services to crypto firms, among other banking services. The companies hinted at broadening their partnership to the United Kingdom and European countries in the coming months.&nbsp;
Crypto.com is based in Singapore and has been <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-com-acquires-broker-australian-financial-services-licence" rel="null" target="null" text="null" title="null">actively expanding</a> its reach in the Asian-Pacific region. In November, the exchange acquired the Australian brokerage and trading company Fintek Securities, allowing the offer of traditional financial products to users in the country through a regulated platform.
In Hong Kong, Crypto.com is listed as “deemed to be licensed” by the Securities and Futures Commission as the regulator <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/hong-kong-more-crypto-exchange-licenses-year-end" rel="null" target="null" text="null" title="null">moves to issue permits</a> to at least 11 digital asset firms with local operations.&nbsp;&nbsp;
The region is experiencing strong growth in cryptocurrency adoption through 2024. According to a recent study by Henley &amp; Partners, Singapore, Hong Kong, and the United Arab Emirates rank among the global leaders in cryptocurrency adoption. Singapore secured the top position due to its robust banking system, substantial investments, and comprehensive regulations for digital asset companies.<iframe width="100%" height="315" src="https://www.youtube.com/embed/ZGrhyi1deEE" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
 Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/deutsche-bank-singapore-mas-asset-tokenization" rel="" target="_blank" text="null" title="https://cointelegraph.com/news/deutsche-bank-singapore-mas-asset-tokenization">Deutsche Bank joins Singapore’s asset tokenization project</a>
<h2 id="crypto-com-moves-to-tradifi">Crypto.com moves to TradiFi</h2>
While traditional financial firms expand services into digital assets, Crypto.com is taking a different approach by diversifying its business into traditional asset trading.&nbsp;
The company’s recently announced roadmap for 2025 features traditional product offerings such as stocks and derivatives trading, banking services yield on cash balances and credit card solutions.&nbsp; In October, Crypto.com also <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-com-acquires-sec-registered-broker-watchdog-capital" rel="" target="_blank" text="null" title="https://cointelegraph.com/news/crypto-com-acquires-sec-registered-broker-watchdog-capital">acquired the US-regulated broker-dealer Watchdog Capital</a>, broadening its services in the country to offer stocks and equity options to eligible traders. 
Other crypto exchanges integrating with traditional services in the region include OKX. In November, OKX announced fiat deposits and withdrawals for customers in Singapore, just a few months after securing a local payment institution license and <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/okx-singapore-full-license-new-ceo" rel="" target="_blank" text="null" title="https://cointelegraph.com/news/okx-singapore-full-license-new-ceo">hiring a former regulator</a> as the CEO of its subsidiary.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-com-standard-chartered-global-fiat-services" rel="" target="_blank" text="null" title="https://cointelegraph.com/news/crypto-com-standard-chartered-global-fiat-services">Crypto.com, Standard Chartered partner for global fiat services</a>

Crypto.com taps Deutsche Bank for Asia-Pacific markets

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