Crypto.com Singapore

Crypto service provider · Singapore, Singapore

Foris DAX Asia Pte. Ltd. trades as Crypto.com and holds a Major Payment Institution licence from the Monetary Authority of Singapore for digital payment token services, registered at 128 Beach Road. In Singapore it sells buying and selling of more than 400 cryptocurrencies in Singapore dollars and US dollars through the Crypto.com app, a professional exchange with maker and taker fees from 0.08% and 0.18%, a self-custody onchain wallet, staking and earning products, and a Visa prepaid card paying up to 5% in CRO. The Singapore licence covers digital payment token services only, and the published offer is aimed at individual traders rather than at companies.

Legal name: Foris DAX Asia Pte. Ltd.
Regulated by: Monetary Authority of Singapore
Licence confirmed: yes, on a regulator's own list
Website: crypto.com

Scores, 0 to 10

8.5Crypto-friendly bank

The licence is specifically for digital payment token services and the whole product is crypto trading, staking and custody. · source

8.5Bitcoin

Companies can buy, hold, deposit and withdraw BTC in exchange accounts with authorised persons, and merchants can take BTC payouts from Crypto.com Pay. · source

8.0Crypto wallet and custody for a business

Crypto.com Exchange terms let a legal person open an account with named authorised persons and sub-accounts, and Foris DAX Asia provides the services under its MAS Major Payment Institution licence for digital payment tokens. · source

8.0On-ramp: buy crypto with fiat

Singapore customers hold SGD in an e-money cash account inside the Crypto.com App and buy crypto with it under Foris DAX Asia's MAS licence, per its Singapore PRIME terms. · source

8.0Off-ramp: crypto to fiat in a business account

Crypto sold on the platform is credited to the SGD cash account and withdrawn to a bank, though business limits and payout times for Singapore companies are not published. · source

8.0Ethereum

ETH and ERC-20 tokens are traded, held and transferred under the same exchange terms; staking in Singapore is limited by MAS rules on retail customers. · source

7.0Accept crypto payments

Crypto.com Pay for Business charges no transaction fee and guarantees merchants the fiat price, with payouts in USD, EUR or AUD or in BTC, ETH, CRO or USDC; the docs do not name the Singapore entity or offer SGD settlement. · source

7.0Stablecoins (USDC, USDT and others)

Businesses can trade and hold stablecoins and receive USDC settlement from Crypto.com Pay, but there is no stablecoin payout product for suppliers and no own regulated stablecoin. · source

6.0Lowest fees

Exchange maker and taker fees are published from 0.08% and 0.18%, though Trustpilot reviewers say app spreads are wider than the platform claims. · source

5.5Asia-Pacific (SG, HK, AU, JP, KR)

A Singapore Major Payment Institution licence for digital payment token services, with buying and selling quoted in Singapore dollars. · source

5.0Best interest on business balances

Staking and earning products pay a return on crypto balances, but no rate is published on the Singapore page and there is no fiat business deposit. · source

5.0Fast digital onboarding

Signup is fully online through the app, but the published flow is a consumer flow and no corporate onboarding path or timeline is given. · source

5.0Financial strength & stability

Licensed by the Monetary Authority of Singapore, but privately held, unrated, publishing no financial statements for the licensed entity. · source

5.0Business cards (Visa, Mastercard)

A Visa prepaid card paying up to 5% in CRO is offered, but it is a consumer card with no business programme or spend controls. · source

4.0Cross-border payments, FX and multi-currency accounts

Trading is quoted in Singapore dollars and US dollars, but there is no multi-currency account, no currency list and no published FX margin. Crypto balances can be held and staked, but there are no multi-currency cash accounts, pooling or hedging. · source

4.0Fintech companies that need a partner bank

The entity sells trading and custody and offers no safeguarding accounts, sponsor banking or rail access to payment firms. · source

4.0Foreign-owned & non-resident companies

The licence and the app serve Singapore customers, and Crypto.com publishes no policy on foreign-owned companies applying in Singapore. · source

3.5Startups & VC-backed companies

No startup programme, corporate account or financing; the Singapore offer is a consumer trading app and card. · source

3.0Online businesses: e-commerce and SaaS

A merchant signup route exists in the site navigation for crypto payments, but no acquiring rates, collection accounts or payout terms are published. No receiving accounts, accounting integrations or revenue financing for software businesses. · source

2.5High-risk verticals (iGaming, cannabis, adult, forex)

Crypto is the licensed activity, and no onboarding path is published for gambling, cannabis, adult or forex operators. · source

1.5Customer satisfaction

Trustpilot 1.8 out of 5 from 9,452 reviews, with 15% five-star and 73% one-star. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees or supply chain finance. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.