Crypto.com partners with DBS to enhance SGD and USD transactions for Singaporean users.
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Crypto.com and DBS Bank have expanded their partnership to improve SGD and USD deposit and withdrawal options for users in Singapore. The partnership allows Crypto.com customers to use additional banking channels and special virtual accounts, making fiat payments convenient under MAS regulations.
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Crypto.com has partnered with DBS, Southeast Asia's largest bank, to expand its fiat payment capabilities in Singapore, the company announced Thursday.
The partnership will allow Crypto.com users in Singapore to deposit and withdraw SGD and USD through special virtual accounts, improving the ease and speed of transactions under the regulatory framework of the Monetary Authority of Singapore.
According to Carl Mohan, EVP of Financial Services at Crypto.com, the new deposit and withdrawal capabilities are designed to strengthen the regulated fiat payment offering, make its products and services more accessible to local users, and increase crypto adoption across Asia.
“Singapore is our headquarters and a critical hub for our growth strategy. Working with the country's largest bank, DBS, will allow us to expand seamless SGD and USD transfers to our users,” said Chin Tah Ang, Singapore General Manager at Crypto.com.
