What Is Crypto.com (A Comprehensive Step-by-step Guide)


Crypto.com is a cryptocurrency and payment platform. Its main aim is to promote the widespread adoption of cryptocurrencies. Founded in 2016, Crypto.com already has over 3 million users. The company is headquartered in Hong Kong and is headed by seasoned entrepreneur Kris Marszalek. Along with him, Crypto.com has 3 other Co-founders – CFO Rafael Melo, CTO Gary Or and Head of Corporate Development Bobby Bao.

Crypto.com Offerings

Crypto.com offers several financial services like:
  • MCO Visa Card: Convert your crypto to fiat and spend.
  • Crypto.com App: Buy, exchange, send, and track cryptocurrency.
  • Crypto Credit: An instant loan product that enables you to get credit to spend on your MCO visa card.
  • Crypto Earn: A product that allows users to earn up to 18% interest p.a. on cryptocurrency deposits.
  • Crypto.Com Exchange: Powered by CRO, with deep liquidity, low fees and best execution prices, users can trade major cryptocurrencies like Bitcoin here.

Crypto.com’s Native Tokens

The second token in the ecosystem is the CRO token which allows for cross-asset intermediary currency settlement for the native Crypto.com Chain. It is currently available in 22 exchanges worldwide. Its utility is as follows:
  • Cross-asset currency settlement.
  • Settle block transaction fees.
  • Nodes are rewarded with CRO upon processing and validating transactions.
  • Users need to pay minimal transaction fees upon transacting directly with CRO.
  • Users can access a 50% discount if they buy cryptocurrencies with CRO in the crypto.com exchange.
  • CRO tokens also enable users to gain access to the Syndicate. The Syndicate is a fundraising platform for the most promising crypto projects to list their coins on the Crypto.com exchange. We will talk more about this later.