Crypto.com has acquired Cyprus-based A.N. Allnew Investments Ltd, the operator of the LegacyFX trading brand, securing a Markets in Financial Instruments Directive (MiFID) license. This acquisition enables Crypto.com to offer a broader range of traditional financial products, including securities, derivatives, and contracts for difference (CFDs), to eligible users across the European Economic Area (EEA).
Key Takeaways:
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The acquisition allows Crypto.com to expand its services beyond cryptocurrencies, tapping into the traditional financial markets in Europe.
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The company plans to introduce CFDs for FX and other instruments in the coming months, diversifying its product offerings.
