Crypto.com buys UAE-based brokerage Orion
Cryptocurrency platform Crypto.com has acquired Orion Principals Limited in the UAE as it looks to expand its suite of traditional financial services. The financial terms of the deal have not been disclosed.
Crypto.com buys Orion Principals Limited in UAE
Based in Abu Dhabi, Orion is a brokerage company licenced by the Abu Dhabi Global Market (ADGM). It connects high-net-worth investors, traders and funds to international financial markets through its trading platform, offering investment and ancillary services including derivatives, swaps, structured products, foreign exchange (FX) and equities.
Crypto.com says that with the acquisition, it will “soon be able to offer eligible users financial products, including securities, options, futures, contracts for difference and more”.
The company adds that further details regarding the launch of these services are expected to be shared “in the coming weeks”.
Crypto.com’s product roadmap for 2025, published last month, includes the planned launch of stocks, banking services and cards, with the delivery of FX, commodities and index derivatives scheduled for Q3.
Kris Marszalek, CEO of Crypto.com, adds that the company is “continually growing our presence in the UAE, which has one of the strongest regulatory frameworks for the digital assets industry globally”.
Founded in 2016, Crypto.com has been active on the M&A front in recent months. The company acquired broker-dealer Watchdog Capital in October, as well as brokerage service Fintek Securities and financial exchange Charterprime in November.
