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Singapore-Based Crypto Exchange to Expand Operations in Cyprus

Singapore-Based Crypto Exchange to Expand Operations in Cyprus

It seems as though the crypto titan is looking to secure as many regulatory approvals across Europe as possible., a Singapore-based cryptocurrency exchange that currently serves over 500 million active users, has recently announced that it scored regulatory approval from the Cyprus Securities and Exchange Commission (CySEC).

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According to the official announcement issued on July 22nd, this time, the crypto exchange is seeking to expand its operations in Cyprus by launching a number of goods and services to customers located on the third largest island in the Mediterranean.

Kris Marszalek, CEO and co-founder of, commented on the initiative and mentioned that the firm would be looking to boost its presence across numerous countries in Europe. He added:

"Europe is a priority region for and our continued expansion in the market is a testament to our commitment to compliance and collaboration with regulators."

The news arrives right after the crypto giant secured regulatory approval from Organismo Agenti de Mediatori (OAM) to provide services in Italy. Likewise, has also expanded to Singapore, Greece, and Dubai.

Nonetheless, it seems like Singapore’s crypto exchange is not the only one to keep expanding in Europe, as its rival FTX also received approval back in March to offer its products in Cyprus. Likewise, trading platform Coinbase recently entered the Italian market to fire up new products and provide crypto-related services., founded in 2016, provides an extensive list of 250 supported cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), and even the meme-coin Dogecoin (DOGE). On top of that, the crypto exchange offers trading and investing services, as well as supports non-fungible tokens (NFTs) and crypto wallets.

On another note, earlier this week, announced that it is planning to fire up a brand new feature that would allow its Android users to leverage Google Pay as a legal payment method.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



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