CoinShots Logo
Crypto .com Scores Regulatory Approval From Cyprus SEC exchange follows in FTX's footsteps by targeting aggressive expansion in Europe after receiving CySEC approval.
Ankita K.
11:25 22nd Jul, 2022

Singapore-based cryptocurrency exchange continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in Cyprus. has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the firm announced to Cointelegraph on July 22.

The approval enables to offer a number of products and services to customers in Cyprus in compliance with local regulations. The new regulatory milestone comes in line with’s growing global presence as the firm has been actively expanding its operations, receiving approvals to operate in countries like Italy, Greece and Singapore.

According to co-founder and CEO Kris Marszalek, the exchange currently prioritizes Europe as the main region for continued expansion. That is a “testament to our commitment to compliance and collaboration with regulators,” he said. is not the only cryptocurrency exchange that has been approved to operate in Cyprus. Major rival exchange FTX has also been expanding in Europe after receiving approval from the CySEC in March 2022. Other exchanges like Coinbase have also been increasingly interested in expanding in Europe amid the ongoing bear market.

Despite global exchanges increasingly moving in the Crypto market, the government of Cyprus has not provided too much certainty about cryptocurrency regulation in recent years.


CoinShots Logo



Get in touch:

© 2023 Coinshots (AtlasZero LLC). All rights reserved.