Popular Singapore-based cryptocurrency exchange Crypto.com has recently announced its membership in Adan, an association dedicated to crypto and blockchain professionals in France and Europe. This move signifies Crypto.com's commitment to contributing to the improvement and development of the crypto industry across the region.

Eric Anziani, President and COO of Crypto.com, expressed pride in joining Adan, emphasizing shared values and aligned goals for advancing the crypto industry in France and the EU region. Anziani highlighted Crypto.com's support for upcoming regulatory frameworks like the MiCA regulation and its dedication to responsible innovation and education in Web3 technologies.

Adan, representing 200 professionals including both emerging and established entities in the crypto space, focuses on fostering innovation and expanding Web3 use cases within its covered areas. The association plays a pivotal role in developing frameworks that encourage innovation while promoting collaboration and synergy among industry players of varying experience levels. Notable members of Adan include Ethereum France Association, Binance, Bitpanda, Mastercard, KPMG SA, Luno France, and OKX France.

Crypto.com, known for its industry-leading regulatory compliance and security measures, recently achieved a significant milestone by surpassing 100 million users worldwide. The exchange attributes this success to a diverse strategy, including targeted campaigns such as "Inevitable" and "Fortune Favors the Brave," as well as high-profile partnerships with sports leagues like the NHL and NBA. Additionally, Crypto.com's sponsorship of events like the Formula 1 Miami Grand Prix has contributed to its growing user base.

Looking ahead, Crypto.com plans to further expand its user base by introducing tailored products for specific markets, with a focus on regions like Australia, where the crypto industry has played a pivotal role in the company's success. Karl Mohan, Crypto.com's APAC head in Melbourne, envisions offering industry-leading products to meet the needs of an increasingly mature investor base.

Furthermore, Crypto.com recently secured a full operational license from the Virtual Assets Regulatory Authority (VARA) in Dubai, marking a significant milestone as the first exchange permitted to operate with fiat in the UAE. This license enables Crypto.com to offer a wide range of products to individual and institutional investors in Dubai, aligning with the company's goal of onboarding its next 100 million customers.

The attainment of the VARA license underscores Crypto.com's commitment to regulatory compliance and its determination to expand its global presence while providing secure and innovative solutions to users worldwide.