Key Takeaways
- Crypto.com has bought conditional approval from the Cayman Islands Monetary Authority for its Virtual Asset Service Provider license.
- The milestone follows their old VASP registration in 2022.
Crypto.com has bought conditional approval to feature as a Virtual Asset Service Provider (VASP) within the Cayman Islands, in accordance with a Monday announcement. The license will allow the exchange to develop its institutional offerings available within the market.
The Cayman Islands launched registration necessities for crypto firms in 2020, and Crypto.com accomplished that route of in 2022.
In April 2025, a stricter licensing regime for custodians and trading platforms came into corpulent create, and Crypto.com is now the first predominant platform to come beneath the unusual framework.
The firm expects to stable corpulent authorization beneath the Cayman Islands’ VASP licensing framework within the coming months.
“Crypto.com has constructed our foundation for assure and success on regulation and compliance,” stated Kris Marszalek, Co-Founder and CEO of Crypto.com. “We’re severely proud to be our commercial’s chief in licenses and registrations, and to now be the first digital asset agency to fetch this approval within the Cayman Islands.”
