The crypto market is huge, with a total value of $2.08 trillion1. Crypto.com isn’t just watching from the sidelines. They’re leading the way with new features and global expansion. They’ve even added PayPal as a payment option in the U.S2. This makes buying crypto easier than before. From quick money moves in Dubai2 to teaming up with UEFA2, Crypto.com is shaping the cryptocurrency world.
Key Takeaways
- Crypto.com now accepts PayPal for funding crypto purchases in the U.S2.
- Total crypto market cap hits $2.08 trillion1.
- Crypto.com’s partnerships include UEFA and the Abu Dhabi Combat Club2.
- Seamless deposit and withdrawal facilities available in Dubai with USD, EUR, and AED services2.
- Support for Kaia (KLAY) network upgrade, with deposits and withdrawals suspended on August 29, 20242.
Crypto.com Unveils Global Retail Services from Dubai Hub
Crypto.com has now started its global retail services from Dubai, making things easier and more convenient for its users worldwide. This growth helps users in more than 90 countries deposit and withdraw money smoothly3. Thanks to its partnership with Standard Chartered, Crypto.com offers fast transaction processing in key currencies like USD, EUR, and AED through its app4.
Seamless deposit and withdrawal facilities
Working with Standard Chartered, Crypto.com provides secure transactions. This enhances the customer experience and supports the UAE’s National Agenda5. Standard Chartered works in 53 markets and offers services in 64 more countries, showing the global scope of this partnership3.
Powered by Standard Chartered
This collaboration gives users top-notch banking solutions. It promises almost instant processing for USD, EUR, and AED deposits and withdrawals4. This step forward is key for Crypto.com to make Dubai a major hub for its services, in line with UAE’s goals for innovation and economic growth5.
Crypto.com is trusted by over 100 million customers globally3. Joining hands with Standard Chartered marks a new chapter for both, aiming for financial unity worldwide4. More updates will come as Crypto.com expands its services and boosts convenience from Dubai.
Latest Crypto.com Updates: PayPal as a Payment Method
Crypto.com now includes PayPal, a popular payment service, for users in the U.S. This allows them to use PayPal for buying cryptocurrencies. Crypto.com is trusted by over 100 million customers globally. It’s known for being strong in areas like compliance, security, and privacy6. This update aims to make it easier to access cryptocurrencies for people in the U.S.
Funding Crypto Purchases via PayPal
Now, U.S. users can connect PayPal with their Crypto.com wallets6. This lets them buy various crypto tokens via their PayPal accounts. Eric Anziani, from Crypto.com, highlighted how important it is to bring together regular and digital payment methods7. This could help more people start using cryptocurrencies.
Availability in the U.S.
Right now, only users in the U.S. can add PayPal as a payment method6. They can buy crypto or add funds to their Crypto.com Visa Card. This makes things easier for newbies in crypto, expanding Crypto.com’s reach.
PayPal’s entrance into crypto has been successful, with its PYUSD growing a lot7. Its market cap hit over $1 billion, a big jump from $264 million. PayPal shares went up over 26% after the PYUSD stablecoin was introduced7.
This partnership between Crypto.com and PayPal is part of their ongoing teamwork7. They’ve worked together before, like letting users add funds to the Crypto.com Visa Card via PayPal. Jose Fernandez da Ponte from PayPal is excited about giving users more ways to pay6.
| Feature | Details |
|---|---|
| U.S. Wallet Integration | Users can fund their Crypto.com purchases by linking their PayPal wallets6 |
| Market Expansion | The PayPal payment method will expand to additional markets soon8 |
| PayPal’s Market Growth | PUSD market cap surpasses $1 billion, up from $264 million earlier7 |
| PayPal Share Increase | Shares of PayPal increased by over 26% following PYUSD launch7 |
Crypto.com and UEFA Partnership Announcement
Crypto.com has announced a big partnership with UEFA for the UEFA Champions League9. This deal makes Crypto.com the first official global sponsor of the UEFA Champions League in the cryptocurrency field10. This shows how important Crypto.com is in connecting the world of digital currency and popular sports10.
This partnership will change how fans enjoy football games. It brings new and fun experiences to matches9. Fans will enjoy special activities in the stadium, fun ads, and integrations during broadcasts9. UEFA plans to use 97% of its money to help football grow at all levels9. Crypto.com is a big name in sports sponsorship, with over 100 million users globally9.
At the UEFA Super Cup on August 14, 20249, Crypto.com will show off its sponsorship for the first time10. This long-term partnership aims to make football and cryptocurrency more exciting for fans10. It’s a big moment for crypto.com news10.
This deal is a big part of Crypto.com’s plan to connect with the world through sports like the UEFA Champions League10. By teaming up with UEFA, Crypto.com gets more noticed in the sports world. It shows how digital money is becoming important in sports partnerships10.
Crypto.com Launches Partnership with Abu Dhabi Combat Club
Crypto.com has teamed up with the Abu Dhabi Combat Club (ADCC) for the 2024 ADCC Submission Fighting World Championship. This exciting partnership marks Crypto.com’s first big step into submission grappling. The competition is set to happen in Las Vegas, Nevada, on August 17-1811.
Crypto.com, the exclusive cryptocurrency partner, will bring innovative digital solutions and strong promotional efforts. These efforts are expected to improve audience involvement and make things run smoother12. The ADCC championship, a top submission and grappling contest worldwide, will gain a lot from this partnership.
With over 100 million users worldwide, Crypto.com is a trusted leader in digital innovation. This move strengthens its position in the sports world. It also shows a growing trend where digital and crypto companies are getting involved in major sports events1112.
Crypto.com will be a Platinum sponsor at the ADCC 2024 event. The event will feature top grapplers from styles like Brazilian Jiu-Jitsu, Sambo, Judo, and Catch-Wrestling. It’s often called the “Olympics” of submission grappling11. This partnership could lead the way in merging cryptocurrency with sports, inspiring others to follow12.
Exclusive Cryptocurrency Partner for ADCC 2024
Excitement for the 2024 World Submission Grappling Championship is growing. Crypto.com’s exclusive partnership highlights their commitment to supporting martial arts globally. They aim to boost audience engagement through their digital platforms. The ADCC, started in 1998 by Sheikh Tahnoun bin Zayed Al Nahayan, has become a worldwide event11.
This unique partnership with Abu Dhabi Combat Club shows how cryptocurrencies are becoming more common in sports sponsorships. This reflects the growing confidence and interest in Crypto.com’s innovations today1112. As the partnership begins, it promises great things for both the cryptocurrency and sports worlds.
Wyden Integrates with Crypto.com
Wyden teamed up with Crypto.com on July 17, 2024, marking a big step for digital assets13. This partnership brings better trading options for big-time investors. They now have a wider selection, from spot to futures trading14.
Enhanced Institutional Digital Asset Liquidity
The crypto.com Wyden integration aims to deepen market liquidity and offer various trading picks. Now, over 250 tokens are ready for trading via Crypto.com, enriching the trading scene13. Also, access to 400+ trading places worldwide makes it easier for clients to find the best deals14.
Wyden works with top-tier partners like Finnova and Fireblocks to support different financial tools and networks14. This setup is perfect for big investors. Adjusting to new rules, such as the MiCA in Europe, ensures safe and fair trading in cryptos13. This joint effort adheres to Crypto.com’s promise for a secure trading environment.
Their system uses secure networks like Zodia Custody to make transactions safe and swift14. This focus on security and efficiency is what Wyden is all about, improving trading for big investors.
Also, “The Gspröch” podcast talks about how new laws, like Turkey’s upcoming digital asset bill, change the game13. This move by Crypto.com is key to offering top-notch trading experiences for those who mean business.
Crypto.com Receives Virtual Asset Service Provider Registration from Ireland
Crypto.com has hit a major milestone by getting its virtual asset registration from Ireland’s Central Bank. This achievement signals its growth and commitment to following local laws. It now stands with big names like Coinbase and Ripple, showing its strong presence in the EU.
Crypto.com’s success in Ireland is part of its global regulatory achievements. It got recognized by France and Singapore’s financial authorities, among others15. The official Ireland registration was completed on June 716. This move aligns with plans to meet the new EU crypto rules coming in December16.
This step boosts Crypto.com’s role in the global and EU markets. European laws allow it to work smoothly across all 27 EU countries16. With over 100 million users, Crypto.com is setting a strong base for growth and trust15.
Getting registered in Ireland has strengthened Crypto.com’s European market position. It shows how dedicated they are to following international rules and focusing on their customers. This move proves Crypto.com’s smart handling of regulatory challenges and its aim to offer safe, leading-edge services to its users.
Crypto.com Membership with Adan to Support Innovation
Crypto.com has joined hands with Adan in a big move. Their goal is to push forward in the blockchain and cryptocurrency worlds in France and Europe17. By being part of Adan, with its 200+ members, Crypto.com boosts its role. They become a major part of the biggest Web3 community in the region17.
Adan’s yearly study, done with KPMG and Ipsos, highlights the latest trends for three years now18. This research offers key insights, helping both new and established players. More than 400 people came to the Web 3 Leaders Forum in Paris. It was an Adan event aimed at promoting cooperation and sharing knowledge18.
In 2022, Crypto.com hit the 100 million user mark worldwide. They are using their Adan membership to boost their innovation efforts17. Their goal is to help blockchain technology grow across the EU. This comes with a sharp focus on the MiCA regulations17. The European Parliament has backed the final versions of MiCA and TFR in committee. This shows how crucial regulatory frameworks are for crypto growth18
Supporting Crypto.com means you’re with a brand that values safety and user experience. They are also ahead in industry progress. The MiCA regulation, which Crypto.com backs, aims to manage crypto-assets and bring market transparency. It’s part of a larger plan for a secure and innovative financial scene in Europe18.
Crypto.com and Adan’s partnership shows their strong focus on innovation and following rules. Together, they aim to introduce new standards for the crypto world. This ensures growth and evolution in the fast-changing digital environment.
Crypto.com App Lists Polygon Ecosystem Token (POL)
Crypto.com is excited to share that the Polygon ecosystem token (POL) is now listed on its app. This means you can now buy POL with different types of money, like USD and EUR. Starting on September 4, 202419, there will be a change from MATIC to POL tokens by Polygon Labs. This change doesn’t need any work from the user’s side19.
With 254.65 million POL tokens out there and a total of 10.25 billion, POL is set to play a big role in growing the Polygon network20.
Multi-Fiat Currency Purchases Available
POL’s listing on the Crypto.com app makes it super easy to buy the token with many kinds of money. This increases everyone’s chance to own this new cryptocurrency. When POL takes over from MATIC, you can use it for staking, earning rewards, and having a say in the community19.
From August 30, 2024, at midnight UTC until September 6, 2024, at 4:00 AM UTC, you won’t be able to stake or unstake MATIC19. After the migration period, your MATIC will turn into POL on a one-to-one basis19.
After Coinbase included POL in its plans, its price jumped more than 15%, hitting $0.525121. The trading volume reached $944,37921. This shows the growing excitement and promise around the Polygon ecosystem token. Thanks to the listing on the Crypto.com app, buying and using POL has never been easier. So, keep an eye out for the upcoming changes and get ready for smooth transactions with POL on Crypto.com.
Crypto.com News Today: Klay Network Upgrade Support
Crypto.com is getting ready to back the upcoming Klay Network enhancement and hard fork. This vital upgrade is planned for August 29, 2024. It aims for a smooth switch for users impacted by these updates222. A temporary pause in KLAY deposits and withdrawals will help this process2.
Right now, Klaytn (KLAY) is 76th in the crypto world, with a price of 0.156 units. It saw a notable price jump of 7.93%22. This leap fits with the positive vibe in the crypto sector. On August 27, 2024, KLAY was among the top gainers, alongside Floki and Maker22.
Details on Deposits and Withdrawals Suspension
Crypto.com has a detailed plan for a brief service halt to help with the upgrade. They want to keep all transactions safe and sound during the update23. With its powerful system, it handles 4 transactions a second and has a market cap of $647,402,59623. They’re working hard to keep user disruptions to a minimum.
The Klay Network update is a big step forward. It’s even more exciting with its February 2024 merger with Finschia, boosting Web3’s expansion in Asia22. Crypto.com’s focus on offering upgrade support and clear suspension information shows its devotion to user satisfaction and network growth.
Crypto.com Supports EigenLayer Upgrade
Crypto.com has announced its support for the EigenLayer upgrade. This update will affect how users’ staked ETH works in new ways.
Impact on Staked ETH
With the upgrade, users in the EigenLayer Restaking system can earn extra rewards. They do this by securing more networks without needing to stake more ETH. This approach aims to make decentralized networks safer and encourage more activity within the Crypto.com ecosystem24.
By validating through EigenLayer, users could get regular ETH staking rewards plus Eigen Points. These points help the whole EigenLayer ecosystem grow24.
Withdrawals, including rewards, will now take seven days to process. This ensures a safe and smooth experience for all users24. Also, most Crypto.com App users can now enjoy on-chain staking, making it easier for more people to join in24.
The EigenLayer upgrade means some of the restaked Points will go towards Crypto.com’s service fee. It’s crucial that users fully understand what this upgrade means for them24. Crypto.com promises to help users throughout this change.
Peregrine Exploration raised $3.6 million to create a new stablecoin protocol named Level. By using restaked dollar tokens, Level allows users to mint lvlUSD and earn yields on tokens like USDT and USDC. This supports the goals of the EigenLayer upgrade by improving the security of decentralized networks24. For more information, click here.
Crypto.com DOT Flash Rewards Campaign
Crypto.com is thrilled to share the DOT Flash Rewards Campaign. It gives users a chance to get high-yield annual returns. This special offer starts on 29 August 2024, at 10:00 UTC and lasts until 12 September 2024, at 10:00 UTC. Those who join can look forward to great rewards on their digital money25
Earn 14% Annual Returns
You have the opportunity to get a 14% yearly return when you lock your DOT tokens for two weeks2526. The maximum amount a user can put in is 1,100 DOT, and the least is 7 DOT25. The total cap for the campaign is 108,900 DOT, making it a great chance for early birds to earn more27.
This chance ends when we hit the total cap or on 12 September 2024. It ensures an exclusive and competitive experience26. Remember, your rewards and the initial amount are given back to you when the term is up25.
However, keep in mind, the rules of the campaign can change as decided by Crypto.com. It’s not open in the US, UK, Australia, Korea, Japan, France, Netherlands, Germany, or Belgium26. Also, you can only be part of one Flash Rewards program at a time. If you’ve maxed out your Earn allocation, you can’t join26.
Crypto.com App Lists DOGS Token
The Crypto.com App has added the DOGS token, which crypto fans were eagerly waiting for. This move shows Crypto.com’s aim to give more investment options. It’s vital for those wanting to spread out their crypto investments.
Even before its listing, the DOGS token hit big goals. Over 6 million users wanted to add DOGS to their exchanges and Telegram wallets28. It also reached 50 million holders, a major achievement for meme tokens28. The DOGS token’s total is 550 billion, with 81.5% for the community, 10% for the team, and 8.5% for liquidity29.
Listing DOGS on Crypto.com makes buying with different currencies easy. This is great for those looking to get into more types of crypto.
Multi-Fiat Currency Purchases Available
You can buy DOGS token with many currencies on Crypto.com. The expected listing price was $0.00128, which could be a good deal for new investors. This makes adding it to what you already have smooth.
The DOGS token will also be on big exchanges like Bybit. It starts on August 2629. This means more ways to trade and invest, suiting different tastes and encouraging a broad investment approach.
CoinCodex sees a potential rise of 228.04% to $0.007001 by September 2024. More increases could follow in 2025 and 203028. These forecasts make DOGS an interesting choice for investors.
To possibly get a part of US$200,000 in DOGS tokens, buy and hold at least US$20 of CRO on the Crypto.com App from August 21-27. Rewards in DOGS tokens will be given to those who qualify by September 9, 2024. You can find more information here.
In conclusion, the DOGS token listing widens Crypto.com’s selection and offers many chances for portfolio growth. This step matches the increasing variety in crypto investing. It appeals to both experienced investors and those new to the game.
Progression System in Loaded Lions: Mane City
The Loaded Lions: Mane City progression system offers exciting new gameplay for blockchain gamers on PC30. You can make diamonds over time and start businesses to earn gold. Gold is key for moving forward in the game30. This system has made the game more exciting by combining classic gaming with the crypto world.
Your Mane Mansion is your personal space. You can decorate it with different furniture30. Decorating gives you points and new blueprints to grow your city30. You also get to customize your characters with NFTs, which gives you game bonuses30.
The game has a Market where players trade30. Here, you can trade businesses and blueprints with CRO, Crypto.com’s token30. Diamonds and gold are needed in the game. You can buy boosts with diamonds to get more gold30. This makes the game both fun and interactive.
The game has 50,000 weapon NFTs31. They are divided into ‘Core’ and ‘Elite’ groups, boosting your character’s power31. There are also 50,000 armor NFTs, improving your defense in the game31. You can equip up to 50 items, depending on your backpack NFT(s) size31.
Join the adventure of Loaded Lions: Mane City 370 years into the future31. Build your cities, upgrade your assets, and enjoy the latest in crypto gaming31.
Cronos Blockchain Links in Crypto.com Wallet Extension
The Crypto.com Wallet Extension now works smoothly with the Cronos blockchain. It lets users find and swap tokens easily inside the ecosystem. This came about from a partnership in January between the Crypto.com DeFi wallet and Crypto.com Pay. It has made using decentralized apps, Web3 games, and NFT marketplaces on Cronos3233 much easier.
Cronos has 30 billion tokens, with about 26.3 billion being used. It’s built for fast performance and works well with the Cosmos network33. The wallet extension helps users handle over 700 tokens across 30 blockchains. This includes tokens from Cronos, providing a great tool for those who love cryptocurrency32.
The extension now lets users swap tokens like BTC, ETH, and CRO easily. It works well for trades on the Cronos and Ethereum networks32. Cronos currently has 132 projects and a total value of $370 million. However, this number is smaller compared to BNB Chain’s $3 billion TVL33.
Crypto.com is focusing on better functionality and design in its wallet extension. This makes managing Cronos assets easier for users33. People can also use the DeFi Wallet on iOS, Android, or desktop with Google Chrome32.
Conclusion
Crypto.com is making big moves in the crypto world. It has started global retail services with Standard Chartered’s support. It also lets people buy stuff using PayPal in the U.S. Teams like UEFA and Abu Dhabi Combat Club are now partners, showing Crypto.com’s big plans in digital money.
The platform has hit major goals like getting registered as a Virtual Asset Service Provider in Ireland. It also joined Adan, showing it’s serious about being innovative and following rules. Adding new tokens like POL and DOGS token makes its services even better for users.
Crypto.com has been upgrading its network and offering cool things like flash reward campaigns. It’s making its Cronos blockchain better and improving games like Loaded Lions. These steps show Crypto.com’s focus on making things better and easier for everyone. To learn more about keeping your crypto safe, check out this resource.
The platform quickly dealt with a problem that affected 483 users, involving ETH and BTC theft. It brought in new safety features like the Account Protection Program (APP) and improved MFA to protect users better343536.
