After acquiring Fintek Securities, Crypto.com can use the firm’s Australian Financial Services Licence to offer equities, derivatives, and forex trading to users in the country.
Crypto exchange Crypto.com has acquired Australian brokerage and trading company Fintek Securities, allowing them to offer traditional financial products outside of crypto to users in Australia.
Fintek is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence.
Vakul Talwar, Crypto.com’s general manager of Australia, said the acquisition was a “huge step” for the Singapore-based exchange because it can now offer equities trading on Australian and international stock exchanges.
Source: Crypto.com
It will also allow them to offer deposit products, derivatives, securities, foreign exchange, and managed investment schemes.
