Key highlights:
- Crypto.com acquires Orion Principals Limited, regulated by ADGM, to offer traditional financial products like securities and options.
- The move aligns with Crypto.com’s 2025 roadmap, focusing on creating a comprehensive financial investment ecosystem.
- Traders on Crypto.com will gain access to diverse asset classes, blending traditional finance with digital innovation.
Crypto.com’s step into traditional finance
Crypto.com has announced its acquisition of Orion Principals Limited, a brokerage company licensed by the Abu Dhabi Global Market (ADGM). The move is part of the company’s strategic plan to integrate traditional financial services into its platform, a step that will soon allow users to access securities (e.g. stocks), options, futures, contracts for difference (CFDs), and more.
We are excited to announce the acquisition of Orion Principals Limited, an Abu Dhabi-based brokerage company licensed by Abu Dhabi Global Market (ADGM).
This acquisition will enable https://t.co/vCNztATkNg to offer various financial products, including securities, options,… pic.twitter.com/S2au3F4e5o
— Crypto.com (@cryptocom) December 9, 2024
Orion’s ADGM license enables Crypto.com to expand its offerings while maintaining compliance with one of the most respected regulatory frameworks for digital assets. With this acquisition, Crypto.com continues to grow its presence in the UAE, solidifying its reputation as a global innovator in digital finance.
“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. We are continually growing our presence in the UAE, which has one of the strongest regulatory frameworks for the digital assets industry globally and we appreciate ADGM’s commitment to supporting innovation in our sector.”
—Kris Marszalek, CEO of Crypto.com
What it means for traders
For Crypto.com’s users, this move signals access to a more diverse range of investment opportunities. The integration of traditional financial instruments will allow traders to diversify their portfolios, managing both digital and conventional assets from a single platform. This blending of markets aligns with the growing demand for seamless cross-asset trading experiences and positions Crypto.com as a leader in unified financial services.
A key part of Crypto.com’s 2025 roadmap
The acquisition aligns with Crypto.com’s 2025 roadmap, which emphasizes the creation of an all-encompassing investment ecosystem. Central to this vision is the recently announced “Level Up” initiative, promising substantial benefits and rewards to users who lock up their CRO tokens. This roadmap reflects Crypto.com’s ambition to become the go-to platform for both cryptocurrency enthusiasts and traditional investors.
Recent acquisitions, including Fintek Securities Pty Ltd., Charterprime Ltd., and Watchdog Capital LLC, demonstrate the company’s commitment to broadening its capabilities and catering to a wider audience. Each step reinforces Crypto.com’s mission to redefine finance by bridging the gap between traditional and digital markets.
The bottom line
Crypto.com’s acquisition of Orion Principals Limited is a landmark move that underscores the company’s ambition to integrate traditional financial services with its already robust digital asset platform. By offering users access to securities, options, futures, and more, the platform is poised to attract a broader range of investors. Coupled with its 2025 roadmap and innovative “Level Up” rewards program, Crypto.com continues to redefine the future of finance with user-centric offerings and a commitment to regulatory excellence.
Source: https://coincodex.com/article/56847/cryptocom-orion-principals-acquisition/
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