Cryptocurrency platform CryptoCom said it will set up its European headquarters in Paris.
The cryptocurrency exchange platform, which has more than 50 million users worldwide, received regulatory approval from the French market authority last month. The firm, which is allowed to offer products and services to customers in France, chose France for its European headquarters.
Crypto.com Uses European Headquarters Preference For France
Singapore-based Crypto.com announced today that it will establish its European headquarters in Paris.
The firm stated that it will invest $145.7 million in France to support the establishment of market operations; He added that it will recruit local talents in compliance, business development and product areas.
Kris Marszalek, CEO of cryptocurrency platform Crypto.com, had the following to say about the European market after receiving regulatory approval in France:
“The European market is critical to the long-term growth and success of Crypto.com. We are extremely proud to receive AMF approval in France.”
The company had previously received license approval in Italy. After the approval from France, the selection of the place where the European headquarters will be established was completed with Paris.
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