Views: 11
Read Time:1 Minute, 47 Second

The CryptoCom exchange secured a pre-registration undertaking with the Canadian regulatory body Ontario Securities Commission (OSC).

CryptoCom is a popular crypto exchange because of its secured crypto wallet & trading platform for global crypto Investors. The exchange always keeps the promotion of its secured crypto offerings in the sports sector dominantly. Due to better services, the exchange is standing at 17th rank. The headquarter of this exchange is in Singapore.

On 15 August, CryptoCom announced that the exchange successfully signed a pre-registration undertaking with the Ontario Securities Commission (OSC) in Canada. 

Help with my assignment!

According to the press release, this pre-registration understanding of CryptoCom with OSC will allow for it to operate under regulatory approval from all Canadian jurisdictions via a combined Canadian Securities Administration (CSA) to provide services in Canada. 

The chief executive officer of CryptoCom Kris Marszalek also commented on this achievement of the exchange. Kris said that it was a mandatory step for the exchange to provide services in the highly compliant region.

“Compliance underscores everything that we do at Crypto.com. The North American market, and Canada specifically, represent a significant area of potential growth for the crypto market.”

Further, Kris said that CryptoCom is feeling proud to provide services under high compliance situations under the collaboration of Canadian regulatory bodies.

Earlier, around a week ago, CryptoCom successfully purchased two Korean companies, namely payment service provider PnLink Co. and virtual asset service provider OK-BIT Co. The main initiative of the acquisition of these two platforms by the CryptoCom exchange was only to enter the Korean crypto industry legally & operate full crypto offerings.

At present, CryptoCom is holding around 50 million global crypto customers and the exchange must provide services with high liquidity, which is possible via the expanded crypto services in almost every country & continent.

Read also: Cardano lover criticizes Galaxy Digital CEO badly

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.