Pacific

Wednesday

Bank AI

Million

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<p class="has-drop-cap"><a aria-label="Crypto.com entered (opens in a new tab)" href="https://crypto.com/company-news/crypto-com-partners-with-line-xenesis-to-drive-crypto-adoption-in-apac" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Crypto.com entered</a> into a partnership with LINE Xenesis, a crypto firm behind the famous messaging app Line. Through this alliance, Crypto.com seeks to expand its presence in Asia-Pacific (APAC), one of the fastest-growing global crypto markets.&nbsp;</p> 
<h3 id="new-partnership-will-capitalize-on-line-s-200-million-user-base">New Partnership Will Capitalize on Line’s 200 Million User Base</h3> 
<p>Crypto.com announced on Wednesday that it is partnering with Japanese messaging app Line in a deal to grow the cryptocurrency exchange’s presence in Asia-Pacific. According to the press release, the rapidly-growing crypto trading platform plans to utilize Line’s vast network of around 200 million monthly active users to enhance its business solutions in the region.&nbsp;</p> 
<blockquote class="wp-block-quote"> 
 <p>“The initial focus on the collaboration will be to enhance LINE Xenesis’ licensed crypto offerings within Japan, while also setting a foundation for Crypto.com and LINE Xenesis to establish a collaborative forefront of crypto innovation that drives influence across the broader Asia Pacific and global crypto industry.”</p> <cite>– Crypto.com wrote in the press release. </cite> 
</blockquote> 
<p>The two companies also plan to explore further crypto and blockchain-related business opportunities, such as strengthening crypto payment offerings and non-fungible token (NFT) integrations. Crypto.com sees Japan and the broader APAC region as markets with excellent growth potential, already attracting significant crypto community interest.&nbsp;</p> 
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<h3 id="japan-s-web3-efforts">Japan’s Web3 Efforts</h3> 
<p>The newly-announced partnership with LINE Xenesis represents the latest in Crypto.com’s recent efforts to spur growth. The fast-growing crypto exchange <a aria-label="obtained a digital token license (opens in a new tab)" href="https://crypto.com/company-news/crypto-com-obtains-major-payment-institution-licence-from-monetary-authority-of-singapore" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">obtained a digital token license</a> in Singapore last month, a year after receiving in-principle approval from the city-state’s central bank.&nbsp;</p> 
<p>More recently, Crypto.com also <a href="https://tokenist.com/crypto-com-obtains-permit-to-offer-digital-asset-services-in-spain/" rel="noopener noreferrer nofollow" class="deco-link">acquired permission from the Bank of Spain</a> to begin providing digital asset services in the country after completing a comprehensive compliance review. The company secured licenses in several global markets over the past year, <a href="https://tokenist.com/crypto-com-win-regulatory-nod-to-offer-services-in-france/" class="deco-link" rel="noopener noreferrer nofollow">including France</a>, Brazil, and Dubai.</p> 
<p>Meanwhile, Crypto.com’s most recent endeavors to increase its presence in Japan and APAC are the heels of critical Web3 developments in these markets. Earlier this week, Japan’s prime minister <a href="https://tokenist.com/japans-prime-minister-reiterates-countrys-web3-plans/" rel="noopener noreferrer nofollow" class="deco-link">Fumio Kishida reiterated</a> the country’s plans to expand the local Web3 ecosystem.&nbsp;</p> 
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<p><strong><em>Do you think the Asia Pacific region holds a lot of potential growth for the crypto industry? Let us know in the comments below.&nbsp;</em></strong></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/crypto-com-grows-its-presence-in-asia-pacific-with-new-partnership/">Crypto.com Grows its Presence in Asia-Pacific with New Partnership</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Crypto.com Grows its Presence in Asia-Pacific with New Partnership

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