Catenaa, Wednesday, November 20, 2024 – Crypto.com has acquired Australian brokerage Fintek Securities, securing an Australian Financial Services License to broaden its offerings in the local market.
The license enables Crypto.com to provide deposit products, derivatives, securities, and managed investment schemes to Australian users.
Fintek specializes in trading foreign exchange, commodities, and indices through Contracts for Difference (CFDs). The acquisition reflects a broader trend in the crypto industry, where firms pursue regulated entities to accelerate market entry amid evolving regulatory frameworks.
Crypto.com also emphasized the firm’s commitment to working with regulators, noting Australia’s crypto legislation is still developing. Efforts include token mapping consultations and enhanced anti-money laundering laws.
Details of the acquisition’s financial terms remain undisclosed, with further announcements expected in the coming weeks.
