In a tactical move signaling a new dawn for crypto in the European Union (EU), Singapore-based cryptocurrency exchange, Crypto.com has announced its membership in Adan, an association for professionals working in cryptocurrencies and blockchain across Europe and France.
By joining Adan, Crypto.com hopes to align itself with some of the top industry giants, including Binance, Bitpanda, the Ethereum France Association, KPMG SA, OKX France, Luno France, and so many others, to advance crypto and blockchain development across the region.
Commenting on the recent development, Eric Anziani, Crypto.com's President and Chief Operating Officer (COO), expressed enthusiasm for the collaboration, highlighting its importance for the platform, its audience, and the broader crypto space within the EU.
The COO remarked, “We are proud to become members of Adan as we share similar values and we are aligned on our goals for the crypto industry in France and in the EU region – including our support of the upcoming MiCA regulation. As a member of Adan, we look forward to contributing to industry and regional collaboration to advance responsible innovation and education in Web3.”
A Brief Adan Overview
A Crypto.com press release on its official website described Adan as an association of professionals, including new and seasoned stakeholders in the crypto network.
The company, which is targeted at innovation and increasing Web3 use cases in the areas it covers, prides itself in its concentrated efforts to help develop and promote frameworks adoption that enhance cooperation between players irrespective of their expertise levels. Additionally, the association is renowned for aiding members attain individual autonomy by identifying and removing potential hindrances to its members' growth.
Crypto.com Membership Fuelled By Personal Expansion Interest
Aside from the general desire to advance crypto and blockchain development in the EU, Crypto.com's decision to join Adan is also a strategic move that aligns with its expansion plans. The company is actively working on onboarding a new set of 100 million users, and specific market products are in the pipeline to attract a significant user base.
Furthermore, last month, Crypto.com revealed that it had obtained a full operational license from the Virtual Assets Regulatory Authority (VARA) in Dubai, making it the first exchange the United Arab Emirates (UAE) has legalized to operate with fiat and sums up the trading platform's desire for expansion amid strict regulatory constraints.
