Crypto.com has expanded its footprint in Australia by acquiring Fintek Securities, a licensed brokerage regulated by the Australian Securities and Investments Commission (ASIC). This acquisition enhances Crypto.com’s ability to offer a wider array of financial services to eligible Australian users, including deposit products, securities, derivatives, foreign exchange, and managed investment schemes.

The acquisition, announced on November 14, is part of Crypto.com’s strategy to diversify its financial products and services beyond cryptocurrency. This follows Crypto.com’s recent acquisition of Watchdog Capital, an SEC-registered brokerage in the U.S., which allows the platform to offer equities and equity options to eligible American investors under the oversight of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). This dual expansion into Australia and the U.S. signals Crypto.com’s commitment to becoming a comprehensive financial services provider across multiple regions.

Crypto.com CEO Kris Marszalek stated that the acquisition of Fintek Securities aligns with the company’s goal to create an all-in-one platform for financial services, covering both traditional securities and cryptocurrency offerings. By year-end, the exchange plans to roll out a variety of services through its subsidiaries, including crypto derivatives and stock trading, marking a significant evolution in its service portfolio.

However, Crypto.com’s Maltese operator, Foris DAX MT, recently faced regulatory scrutiny when Poland’s Financial Supervision Authority added it to its alert list on November 6. The watchdog claims that Foris DAX MT provided unauthorized financial services in Poland, and the case has now been referred to the regional prosecutor’s office in Warsaw for further investigation.

With these strategic moves, Crypto.com continues to strengthen its global presence while navigating regulatory landscapes in various markets.