Crypto.com partners with DBS to boost SGD and USD transactions for Singapore users

Crypto.com has deepened its collaboration with DBS Bank, Southeast Asia's largest bank, to enhance fiat payment options for its users in Singapore. This partnership enables Crypto.com customers to utilize unique virtual accounts for faster deposits and withdrawals of Singapore Dollars (SGD) and US Dollars (USD), operating within the regulatory framework set by the Monetary Authority of Singapore (MAS).

Karl Mohan, EVP of Financial Services at Crypto.com, stated that these new capabilities aim to strengthen their regulated fiat offering, simplify product access for local users, and promote broader crypto adoption across Asia. Chin Tah Ang, General Manager Singapore at Crypto.com, emphasized that leveraging DBS's infrastructure supports their growth strategy in Singapore, which serves as the company's headquarters.

(Source：Crypto Briefing)