Headquartered in Hong Kong, Crypto.com is a cryptocurrency and payment platform. Similar to Coinbase, Crypto.com has an app that allows you to buy and sell a variety of different cryptocurrenices. It is also similar to Binance, one of the biggest crypto exchanges in the world. However, it also has a native coin called Crypto.com Coin (CRO). Founded in 2016, Crypto.com already has over 3 million users. It has also been one of the premier trading stations for the very popular Dogecoin
Here lately, CRO has dipped considerably and is currently trading around the $0.18 mark. In the Crypto world, this is more or less like a “penny stock.” With that side, CRO has some tremendous upside that investors do not seem to be taking advantage of just yet.
Crypto.com recently launched a $200 million fund dedicated to investing in crypto startups. Simply put, they are more or less acting as a venture capitalist to crypto startups worldwide. According to Coindesk, Crypto.com Capital will lead funding rounds with investments of between $100,000 and $3 million at seed stage and between $3 million and $10 million at Series A. They are following in the footsteps of both Coinbase, Binance and Blockchain.com, who all also have investment arms.
What does this mean for Crypto.com’s native coin, CRO? Well, let’s go over some of the advtanges it provides that other cryptocurrencies do not have. They company has done a great job with cross-branding with other service industries.
Crypto.com offers several financial services like:
- 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 App: Buy, exchange, send, and track cryptocurrency.
- MCO Visa Card: Convert your crypto to fiat and spend
- Crypto Credit: An instant loan product that enables you to get credit to spend on your MCO visa card
With that said, Crypto.com is doing all the right things to attract clients to its platform. It’s moving in the same way that both Binance and Coinbase have, so naturally users will begin to buy their native token as well. While it may not shoot up in price overnight, this could end up being a great long term hold for the future. While at trading at only $0.18 per token, in my humble opinion I would recommend buying some now. The company is constantly making headlines in their partnership opportunities, so its only a matter of time before their native coin grows in value.
Besides, getting in early on a stock or cryptocurrency is the dream. Here is a perfect example. Check out the article below and you can see what kind of money you would have made if you had invested in Dogecoin early enough.