Italy Welcomes Crypto.com After Binance & Coinbase: A New Era for Crypto in Italy
Italy is rapidly becoming a hotbed for cryptocurrency innovation, and the latest news confirms its growing appeal. Following in the footsteps of Binance, Italy welcomes Crypto.com with open arms, further solidifying the nation's position as a key player in the European crypto landscape. This comes after Coinbase Global, which is also expanding its presence.
The crypto exchange known as Crypto.com has announced that it has received regulatory approval in Italy from the ‘Organismo Agenti e Mediatori’ (OAM). Crypto.com announced on July 19 that it has received regulatory approval as a crypto provider from the Italian watchdog Organismo Agenti e Mediatori (OAM). The news broke on Tuesday when Crypto.com officially announced that it is now officially registered to offer crypto services in Italy. The company had applied for the approval, and this allows them to offer crypto trading, custody services, and other products in Italy.
Crypto.com and Coinbase have been approved by Italia’s Organismo Agenti e Mediatori (OAM) to offer crypto trading, custody services, and other products in Italy. The US... Come riportato da Cointelegraph, il crypto exchange Coinbase, con sede negli Stati Uniti, ha recentemente ottenuto l'approvazione dell'OAM per iniziare a operare nella country. This regulatory green light signifies a major step forward for Crypto.com and other exchanges like Coinbase in providing secure and compliant crypto services to Italian users. Coinbase Global, which is, is now ready to operate in Italy under the OAM.
As part of its expansion to the Italian market, the Italian branch of Binance, one of the largest cryptocurrency exchanges, registered in May. With Binance, Coinbase, and now Crypto.com all officially registered and approved by the OAM, Italian crypto enthusiasts have a wider range of trusted platforms to choose from. This increased competition is likely to drive innovation and improve services for Italian users.
The OAM's approval process underscores the importance of regulatory compliance in the crypto space. By adhering to Italian regulations, Crypto.com, Coinbase, and Binance are demonstrating their commitment to providing a safe and reliable environment for crypto trading and investment. This ultimately benefits Italian consumers and helps to foster a more sustainable and trustworthy crypto ecosystem in Italy.