Crypto.com has acquired Fintek Securities, a brokerage firm regulated by ASIC, to expand its financial offerings in Australia. With this acquisition, Crypto.com gains access to Fintek's Australian Financial Services Licence, allowing it to provide deposit products, derivatives, securities, and investment schemes to Australian users. The move comes amidst Australia's evolving crypto regulations, with efforts to balance innovation and consumer protection. While comprehensive legislation is pending, companies like Crypto.com are opting for acquisitions to expedite market entry and regulatory compliance. This strategy mirrors industry trends, as seen in recent mergers like Ripple-Metaco, Securitize-Onramp Invest, Coinbase-One River Management, and Stripe-Bridge. Crypto.com plans to share more details soon, reflecting a broader trend in the crypto industry towards strategic acquisitions for operational growth and regulatory adherence. Read more AI-generated news on: https://app.chaingpt.org/news