The prominent cryptocurrency exchange Crypto.com announced on August 2 that traders on the platform may now make EUR deposits and withdrawals.
This means that retail traders can make direct EUR fiat transfers to and from their Crypto.com account.
additionally, this feature is initially only accessible via the online version of Crypto.com; however, the exchange shared with Finbold that this feature will eventually be made available in the Crypto.com App.
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EUR deposits and withdrawals
Additionally, it has been confirmed that the site does not charge any transfer fees for deposits or withdrawals made in EUR. When trading EUR pairings for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) on Crypto.com, users have the ability to send as little as one euro and make use of a wide variety of features.
Notably, users of Crypto.com have had access to a complete range of trading tools ever since the GEN 3.0 update in November 2022.
Crypto.com becomes registered in the Netherlands
Earlier this week, the Singapore-based cryptocurrency exchange secured a registration with De Nederlandsche Bank (DNB) as a provider of crypto services.
The Netherlands is the latest country to recognize the cryptocurrency exchange, following in the footsteps of France, Dubai, and the United Kingdom in doing so. The country is known for taking a firm stance against competitors like Binance and Coinbase.
The move is part of Crypto.com’s attempts to secure regulatory permission in a variety of nations.
The Monetary Authority of Singapore has already granted the company its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) and its MPI for e-money issuance, account issuance, cross border and domestic money transfer services, as well as registration as a Digital Asset Service Provider (DASP) by the Autorité des Marchés Financiers (AMF) in France.
