Crypterium Company Overview

Founding Date and Background

Crypterium is a fintech company that was founded in 2017. It aims to bridge the gap between traditional finance and the emerging world of cryptocurrencies, providing users with a digital wallet and card that enable seamless management of their digital assets. The company positions itself as a digital cryptobank, offering various financial services tailored to the needs of cryptocurrency users.

Parent Company/Ownership Structure

Crypterium operates as an independent entity, but it is backed by a team of experienced professionals from the finance and technology sectors. The companys leadership includes former executives from major financial institutions, which lends credibility to its operations and business model.

Headquarters Location

Crypterium is headquartered in Tallinn, Estonia. Estonia is known for its progressive stance on digital innovation and cryptocurrency regulation, making it a strategic location for fintech companies.

Global Business Scope

Crypterium serves a global market, with customers in over 170 countries. Its services are designed to cater to both individual users and businesses seeking to integrate cryptocurrency solutions into their operations.

Main Regulatory Bodies

As of now, Crypterium is not regulated by any major financial authority. This lack of regulation has raised concerns among potential investors and users regarding the safety and legitimacy of its services. The absence of oversight from regulatory bodies is a critical factor to consider when evaluating the company's trustworthiness.

Back to top

Company History and Development

Key Milestones

Since its inception, Crypterium has achieved several key milestones, including the launch of its digital wallet and the introduction of its Visa card that allows users to spend cryptocurrencies in everyday transactions. The company has also successfully completed crowdfunding campaigns, raising significant capital to fuel its growth.

Business Expansion Journey

Crypterium has expanded its services to include a range of financial products, such as cryptocurrency trading, loans, and savings accounts. The company has continuously evolved its platform to meet the demands of its growing user base.

Customer Base Growth

With over 400,000 registered users as of 2021, Crypterium has experienced rapid customer base growth. This expansion is attributed to its user-friendly platform and the increasing acceptance of cryptocurrencies in mainstream finance.

Platform Development History

Crypterium has invested in the development of its proprietary platform, which integrates various services, including a digital wallet, trading functionalities, and payment solutions. The platform's design aims to provide a seamless user experience for managing digital assets.

Important Awards or Recognitions Received

Crypterium has been recognized as one of the promising fintech companies by various industry experts and reports, including KPMG and H2 Ventures. These recognitions highlight its potential in the rapidly evolving digital finance landscape.

Back to top

Trading Services Offered

Forex Trading Options

Crypterium offers forex trading services, although specific details regarding the number of currency pairs available are not extensively documented. Users can trade various fiat currencies, but the platform's primary focus remains on cryptocurrencies.

Stock Trading Options

Currently, Crypterium does not provide direct stock trading options. Its services are primarily centered around cryptocurrency and forex trading.

CFD Trading Products

Crypterium offers Contracts for Difference (CFDs) as part of its trading services. CFDs allow users to speculate on the price movements of various assets without owning the underlying asset.

Other Financial Instruments

In addition to forex and CFDs, Crypterium supports cryptocurrency trading, allowing users to buy, sell, and hold a variety of digital assets. The platform also offers services related to commodities, although specifics are limited.

Special Services or Unique Advantages

One of Crypterium's unique advantages is its integration of a digital wallet with a Visa card, enabling users to spend their cryptocurrencies at millions of retailers worldwide. This feature aims to make cryptocurrencies more accessible for everyday transactions.

Back to top

Regulatory and Legal Background

Detailed Regulatory Information

Crypterium is currently unregulated, which poses significant risks for potential investors and users. The absence of oversight from regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or the European Securities and Markets Authority (ESMA) raises questions about the safety of client funds.

Legal Entity Structure by Region

Crypterium operates under a legal entity structure that is primarily based in Estonia. However, specific details regarding its legal entity structure in other regions are not publicly available.

Client Fund Protection Measures

Due to its unregulated status, Crypterium does not offer the same level of client fund protection that regulated brokers provide. This lack of protection is a critical consideration for potential users.

Countries/Regions Served

Crypterium serves customers in over 170 countries. However, the availability of services may vary depending on local regulations regarding cryptocurrency and financial services.

Compliance History

Crypterium has faced scrutiny from regulatory bodies in the past, with reports of fraudulent activities associated with its services. This history of compliance issues raises concerns about the company's operational integrity.

Back to top

Competitive Landscape

3-5 Main Competitors

Crypterium faces competition from several established players in the fintech and cryptocurrency space, including:

1. Coinbase: A leading cryptocurrency exchange that offers a user-friendly platform for buying, selling, and managing digital assets.
2. Binance: One of the largest cryptocurrency exchanges globally, known for its wide range of trading options and competitive fees.
3. Revolut: A digital banking app that allows users to buy, hold, and exchange cryptocurrencies alongside traditional banking services.
4. BitPay: A payment processor that enables businesses to accept cryptocurrency payments and offers a prepaid debit card for users.

Positioning in the Industry

Crypterium positions itself as a digital cryptobank, focusing on providing a comprehensive suite of financial services for cryptocurrency users. Its unique selling proposition lies in its integrated wallet and payment card, which aims to simplify the use of cryptocurrencies in everyday life.

Market Differentiation Factors

Crypterium differentiates itself through its combination of a digital wallet and a Visa card, allowing users to spend their cryptocurrencies seamlessly. Additionally, its focus on user experience and accessibility sets it apart from many competitors in the market.

Back to top

In conclusion, while Crypterium offers innovative solutions in the fintech and cryptocurrency space, potential users should exercise caution due to its unregulated status and compliance history. It is advisable to conduct thorough research and consider alternative options that provide stronger regulatory oversight and protection for client funds.

For more information about Crypterium, you can learn more about their services and offerings.