- Crypto.com has acquired Fintek Securities Pty Ltd., gaining an Australian Financial Services License
- The acquisition enables Crypto.com to offer derivatives, securities, forex, and managed investments to eligible users in Australia
- This marks Crypto.com’s second major move into traditional brokerage, following its U.S. expansion with Watchdog Capital
Crypto.com just announced the acquisition of Fintek Securities Pty Ltd., a brokerage firm regulated by the Australian Securities and Investments Commission. Honestly, this feels like a game-changer for Crypto.com.
Why? Well, it opens up opportunities to offer eligible users a lot more financial products, such as derivatives, securities, currency exchange, and even managed investment schemes.
A Key Milestone in Crypto.com’s Mission
CEO Kris Marszalek called it a “key milestone” in their mission, and I have to agree—this step is indeed quite bold toward the creation of one seamless financial platform that will make the user experience frictionless and optimize rewards for them.
If you’re following Crypto.com’s journey, you know they’re serious about staying ahead.
Not Crypto.com’s First Big Move
One fun fact: it’s not their first rodeo. Having already acquired a U.S.-based SEC-registered broker-dealer, Watchdog Capital, LLC, they have signaled ambition in a direction of more and more blurring lines between traditional and crypto finance.
What This Means for Australian Users
What does this mean for users in Australia? It simply extends Crypto.com’s presence down under, taking it one step closer to its eventual aim of creating a global, all-in-one financial platform.
Just imagine having all these cutting-edge products and services at your fingertips, and in simplified terms, for that matter. Yeah, it does sound promising.
