Crypto winter hits Crypto.com’s Irish entity as revenues plunge 80%

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Crypto.com Arena in Los Angeles is home to the LA Lakers basketball. The crypto exchange bought the naming rights to the arena in 2021. Photograph: Harry How/Getty Images An Irish subsidiary of Singapore-based crypto asset exchange Crypto.com reported a nearly 80 per cent drop in revenues for 2022 amid a collapse in trading volumes and asset prices following a number of industrywide scandals. Foris Dax Global, which owns the Crypto.com business name and is registered at an office in Dundrum Business Park in Dublin 14, is one of the Hong Kong-founded Foris group’s main European entities after it established a...