Crypto.com, a leading crypto exchange, has announced that it acquired Orion Principals Limited, a brokerage company regulated by the Abu Dhabi Global Market (ADGM).
The reason behind the acquisition is to increase its offer of traditional financial services products, as per the latest information obtained by Finbold on Monday, December 9.
Based in Abu Dhabi, Orion specializes in investment and ancillary services for various financial products and instruments. By integrating Orion, Crypto.com aims to accelerate its provision of financial investment services such as securities, options, futures, and contracts for difference (CFDs).
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Kris Marszalek, the CEO of Crypto.com, has highlighted the acquisition as a milestone in the exchange’s commitment to financial innovation and market expansion:
“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.”
The latest in a series of acquisitions
With Orion as the latest addition to its portfolio, Crypto.com has doubled down on boosting its financial services offer.
Before acquiring the Abu Dhabi-based exchange, Crypto.com incorporated Fintek Securities, an Australian brokerage service, Charterprime, an Australian foreign exchange broker, and Watchdog Capital, a brokerage registered by the U.S. Securities and Exchange Commission (SEC).
Furthermore, in November this year, Crypto.com revealed its product roadmap for 2025 and also launched Level Up, a benefits and rewards program to promote its financial services.
