Crypto.com Expands Singapore Fiat Rails Through DBS Bank Partnership

DBS is the country’s largest lender by assets. The partnership further strengthens the exchange’s banking infrastructure by expanding access to regulated financial institutions in one of Asia’s most closely supervised digital asset markets.

The arrangement adds additional banking rails for Singapore dollar and US dollar transfers, allowing local users to move funds more efficiently between their bank accounts and the Crypto.com app. DBS will also provide the platform with the ability to create segregated client money accounts through virtual account structures, enabling faster and more streamlined deposits and withdrawals for retail customers.

“Deposits and withdrawals are already supported today, but we are proud to add greater accessibility and functionality to our retail services, in line with MAS regulations," said Chin Tah Ang, General Manager Singapore of Crypto.com.

Global reach 

The expansion builds on Crypto.com’s existing banking relationship with Standard Chartered, giving the company access to multiple global and domestic banks in Singapore. 

The dual-bank setup is intended to provide greater resilience and redundancy in fiat payments, an area that has proven to be a bottleneck for many crypto platforms as banks globally reassess their exposure to the sector.

State of crypto in Singapore

Singapore has positioned itself as a tightly regulated hub for digital asset services, with authorities emphasizing strong controls around customer funds, payments, and compliance. 

By expanding its fiat infrastructure through established domestic banks, Crypto.com is reinforcing its operational footprint in a jurisdiction where crypto firms face higher regulatory and banking standards than in many other markets. 

The development reflects a broader trend of exchanges deepening ties with traditional banks to support fiat access as regulators globally scrutinize how crypto platforms handle customer money and payments.