Cronos (CRO) Research

Cronos (CRO) Research Details

Cronos (CRO) Cronos

INTRODUCTION

Crypto.com is a leading exchange of cryptocurrencies backed by a list of crypto assets and blockchain-related products. Users can buy, sell, and trade in a wide range of currencies, and enjoy relatively low transaction fees. The company offers cryptocurrency credit cards, country-wide transactions, an independent crypto wallets, and the NFT market. It also allows users to deposit their crypto, or hold it in a Crypto.com wallet for a fixed period of time, in order to earn interest up to 14.5%.

For those who want to buy and hold currencies such as Bitcoin and Ethereum, Crypto.com would be a good choice. Payments are limited to 0.40% and are reduced by the maximum transaction amount or CRO value deposit.


FOUNDER

Firstly, the name of the company was “Monaco” founded by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016. The company was renamed as Crypto.com in 2018 following the acquisition of the domain of cryptography researcher and Professor Matt Blaze. 


REASON TO BUILD THE PROJECT

To offer an extensive list of crypto assets, low transaction fees, high-grade security,multi-language support, user-friendly interface and to reward users holding a significant stake in CRO with higher staking interest rates and higher credit card rewards, Crypto.com was built. People needed a platform where they can do all the necessary things required for buying and selling crypto assets without facing any kind of major issue, and Crypto.com is doing it.


BASE OF PROJECT

Crypto.com is a cryptocurrency exchange that supports trading, investing, stairwells, wallets, NFTs, and more. These exchanges offer more than 150 different currencies, appropriate payments, and discounts for those who have a significant share in Crypto.com Coin (CRO). Its ecosystem of crypto-related products can make it a good choice for those who want to make the most of their cryptocurrency.


USE CASE

The use cases of Crypto.com are:

·        Trading Experience- With the Crypto.com app, you can quickly view your portfolio and list of popular assets. The mobile app covers everything you need to trade in currencies, earn your own cryptocurrency, pay in cryptocurrency, or sign up for a Crypto.com credit card.

·        Fees-New Crypto.com users without any CRO staking will pay 0.4% of the transaction with a total monthly trading price of less than $ 25,000. Trading costs are slightly lower than you can see with competitors in the big industry.

·        Security-Crypto.com uses a variety of security measures, including dual authentication (2FA) and authentication, to help keep customer accounts secure. In addition to its security measures, Crypto.com uses strict compliance monitoring and keeps offline customer deposits in a cool environment to help prevent theft and loss.

·        Account Management-Users can easily view their Crypto.com accounts and assets in the mobile app. You can choose to view your assets in a list or a pie chart, depending on your preferences.


MAJOR NEWS AND EVENTS

       DATE

                          NEWS/EVENTS

       IMPACT

17/01/2022

Crypto.com user accounts breached by Hackers, ETH worth $15 Million stolen from the exchange.

-33% Decrease

19/11/2021

Staples Center Renamed Crypto.com Arena for $ 700M, 20-year Contract.

+70% Increase

28/10/2021

Matt Damon is the new face of Crypto.com; Penn Students Can Use Crypto to pay the Class.

+100% Increase


CONCLUSION

Crypto.com is a good choice for cryptocurrency traders looking for a low-cost platform compared to a wide range of supported currencies. It is best for people who feel confident about managing a financial account with a mobile app and it may be good for those with a middle-class cryptocurrency knowledge and experience.


DISCLAIMER

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto products are currently unregulated and subject to market risk. Please seek independent financial advice or do your own research before investing.