“Singapore is our headquarters and a critical hub for our growth strategy. Working with the country’s largest bank, DBS, allows us to expand our provision of seamless SGD and USD transfers for our users,” says Chin Tah Ang, Crypto.com’s general manager for Singapore.
Cryptocurrency exchange platform Crypto.com says it is boosting its fiat payment capabilities with Singapore’s DBS Bank. The partnership will expand the banking rails on Crypto.com’s platform, and complements an existing arrangement with Standard Chartered Bank.
Crypto.com says the partnership with DBS is part of its strategy to bolster its fiat payment channels by raising its deposit and withdrawal options. Now, users will be able to deposit and withdraw Singapore dollars (SGD) and US dollars (USD) via DBS. DBS will also allow Crypto.com to set up client money accounts for its customers. This will facilitate quick and simple transfers of SGD and USD among users of the Crypto.com app.
