Cryptocom Expands in UAE, Acquires Orion Principals Limited

Crypto.com, a leading digital asset platform, has acquired UAE-based Orion Principals Limited as part of its ambitious plan to expand its traditional financial services offerings. The financial details of the acquisition have not been disclosed.

Orion, a licensed financial intermediary regulated by the Abu Dhabi Global Market (ADGM), is based in Abu Dhabi and connects institutional investors and high-net-worth individuals to global financial markets. The company provides a wide range of financial services, including securities trading, derivatives, structured products, and foreign exchange.

The acquisition of Orion by Crypto.com is expected to enhance the platform's service offering, adding a variety of investment products such as securities, options, futures, and contracts for difference (CFDs). The company has indicated that more details on the launch of these services will be revealed in the coming weeks.

As part of Crypto.com's 2025 product roadmap, which was announced last month, the company plans to introduce banking services, stock trading, and card-related services.

Additionally, foreign exchange, commodities trading, and index derivatives are expected to launch in the third quarter of the year.

Kris Marszalek, CEO of Crypto.com, commented, "We continue to strengthen our presence in the UAE, which has a strong regulatory framework for digital assets on a global scale."

Founded in 2016, Crypto.com has seen significant growth through mergers and acquisitions in recent months. In October, the platform acquired brokerage firm Watchdog Capital, followed by the acquisition of Fintek Securities and financial exchange Charterprime in November.