Crypto.com has hinted plans to expand the crypto.com visa card to several markets in 2025 including Latin America, the Middle East & Africa. With over 100 million users, the crypto.com debit card is the most widely used crypto card globally. It is currently available in North America, parts of Europe, and Asia.
In the announcement, the company said it is adding CRYPTO offerings while adding STOCKS, BANKING, and more CARDS. The announcement shows the company’s intent to merge crypto with traditional finance. For STOCKS, users will be able to stock trade and take part in ETF trading as well as stock options. There is also a plan to offer FX, commodities and index derivatives. As for BANKING, crypto.com is keen on personal multi-currency accounts, Yield on cash, international and business accounts.
The CEO of Crypto.com is optimistic of these plans tweeting, “the next stage of crypto.com’s parabolic growth begins today”
Crypto.com also has own chain CRONOS and there were announcements about it as well.
- Introduction of A.I agents that users can interact with and transact autonomously
- Easy to use A.I tools as well as protocol improvements that will elevate the whole cronos ecosystem.
The news sent the native coin, CRO to a monthly high of $0.094, gaining over 31% in a few hours from $0.072. The price has since settled to $0.085 levels.
The news was well received by crypto and CRO fans noting it as an aggressive roadmap
Other notable announcements on the roadmap include
- Expansion of exchange offering in USA
- Crypto Rewards Maximizer
- Crypto.com Stablecoin
- Cronos one
- Cronos ETF submission and
- Signularity API
All these are expected to take place within 2025.
Crypto.com CRO Trading volume up
Crypto.com has been on the rise recently as its trading volume also had a massive spike soaring to $134 billion in September up from $34 billion in July. According to the Block data, In North America, out of the total exchange volume of $183 billion in September, Crypto.com had $134 billion, while coinbase only had $46 billion. Analysts predict that this could be due to wider coin offerings in crypto.com compared to others. With 378 coins, coinbase and Kraken have fewer not more than 290 each.
Citigroup report attributed the dominance partly due to crypto ETFs. According to the newly released roadmap, the company is keen on doubling down on crypto ETFs.
Source: The Block
Ramping up its all-in-one finance offering as a one-stop financial portal, Crypto.com acquired an SEC-registered broker-dealer in October called Watchdog Capital LLC. This is in a bid to offer US users the ability to acquire and trade equities and options. This is in addition to the launch of UpDown Options, the first CFTC-regulated crypto derivatives product, adding PayPal as method of payment and partnership with standard chattered bank to offer global retail services.
The CEO of Crypto.com is planning a AMA with the community on November 8 at 4:30 UTC to explain more about these developments.
