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Crypto.com

Crypto.com is a pioneering payment and cryptocurrency company with a mission to accelerate the world's transition to .

In March 2021, Crypto.com launched a $200 million fund for crypto startups at Seed and Series A stages. Crypto.com Capital has invested in several crypto startups including Genies, a leading avatar, and  company.

Overview

Crypto.com's consumer products include the Crypto.com Wallet & Card App, the MCO Visa Card, Crypto.com Chain, as well as Crypto Credit.

The company was founded as Monaco Technologies GmbH in June 2016 with Kris Marszalek as CEO. The company announced its rebrand to Crypto.com on July 6, 2018. On October 22, Crypto.com began shipping its MCO Visa Card in Singapore and subsequently on November 16, announced its plan to roll out the MCO Visa Card program in the United States in partnership with Metropolitan Commercial Bank.

In May 2021, Crypto.com became the first cryptocurrency exchange to announce the use of CipherTrace's Traveler solution, the first commercial solution to enable compliance with global anti-money laundering (AML) travel rule laws.

In May, Crypto.com became the first global cryptocurrency platform to receive a Class 3 Virtual Financial Assets (VFA) License from the Malta Financial Services Authority (MFSA). A Class 3 VFA License authorizes Crypto.com to provide the following services to experienced and non-experienced investors: execution of orders on behalf of other persons, custodian or nominee services, and dealing on own account.

Crypto.com Exchange

Crypto.com Exchange debuted with the spot trading functionality, with more features and promotions being added to the platform to deliver a suite of trading-related services for both retail and corporate users. Crypto.com Exchange supports trading pairs for cryptocurrencies such as  (BTC),  (ETH), Litecoin, USDC, and more, as well as the CRO token - the native currency of Crypto.com Chain.

Margin Trading

Margin trading on the Crypto.com Exchange allows users to borrow cryptocurrencies on Crypto.com Exchange to trade on the spot market. Eligible users can use the margin loan as leverage to open a position that is larger than the balance of their account.

Derivatives Trading

The first derivatives product offered on Crypto.com perpetuals perpetuals. Perpetuals enable traders to buy or sell the value of their ‘assets’, whereby the underlying asset itself is never traded, allowing them to better manage risk. Perpetuals do not expire or have a settlement date, and users can hold their positions for as long as needed.

Crypto.com Lending

Crypto.com Lending allows users to borrow against your cryptocurrencies without selling them. Users can deposit them as collateral and take out crypto loansusers'ulfill users financialthem needs, use for Margin Trading on the Crypto.com Exchange, or hedge on other exchange platforms. Institutional users who require more flexibl loan terms, can apply for Lending Pro on Crypto.com Lending. Once the application has been approved, you can enjoy a higher borrowing limit and apply for loans with customized terms when they are available.

Syndicate

The Syndicate is a discounted token offering platform on Crypto.com Exchange, powered by the CRO token. The Syndicate helps projects raise awareness and drive user education. The listing project can provide an allocatif their own token for distribution on the Crypto.com Exchange users with up to a 50% discount. All proceeds from the sale are passed back to the projects. CRO holders receive priority token allocation for these events.

Crypto.com App

With the Crypto.com App users can buy crypto with their fiat wallets and/or with a credit or debit card. The Crypto.com App supports fiatsral fiat and over 50 cryptocurrencies. Users also can send crypto to Crypto.com App users instantly ithout fees, or withdraw crypto to external wallet addresses with minimal fixed fees. Users can monitor 200+ coins at their fingertips in the coin tracking tab. Metrics available include prices, volume, market cap, % change, and more that are refreshed frequently and up-to-date. The app also presents charts in dual currencies (USD, BTC) and different time frames (8H, 1D, 1W, 3M, 6M).

The Crypto.com App enables users to apply for and manage their Visa Card and enabspending of their cryptocurrency in the online and offline world.

Crypto Earn

Crypto Earn is offered within the Crypto.com App. Crypto Earn is a product that lets users who want to capitalize on their holdings while retaining ownership. Crypto Earn gives users the freedom to grow their crypto assets and earn up to double-digit interest rates annually on different cryptocurrencies. Crypto Earn supports more than 18 tokens, including Chainlink, PAX Gold, Bitcoin Cash, and Stellar. Crypto Earn also supports stablecoins including TrueUSD, Paxos Standard, and more.

There are three holding term options for users to choose from at the time of deposit: a flexible hola ding term, a 1-month fixed term, and a 3-month fixed term. Once the deposit is confirmed, interest will start to accrue immediately. Users with CRO staked will receive preferential interest rates.

Crypto Credit

Crypto Credit is offered within the Crypto.com App. With Crypto Credit, users can deposit cryptocurrencies as collateral to borrow a crypto loan. Supported collateral currencies include Bitcoin (BTC), Ethereum (ETH), CRO, Litecoin, Stellar, EOS, Cardano, Algorand, Cosmos, VeChain (VET), Chainlink, and Wrapped Bitcoin (WBTC), with more currencies to be added progressively. After depositing the required collateral, the user will receive the loan instantly in their crypto wallet in the Crypto.com App. Supported loan currencies include Tether (USDT), TrueUSDand, USD Coin, Paxos (PAX). Users with CRO staked will receive preferential loan interest rates.

Wallet

Crypto.com DeFi Wallet is designed for all levels of crypto users. The wallet supports most major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), CRO, Litecoin, Stellar, Curve DAO Token, and TrueFi (TRU). Users can have more than one wallet and change their wallet networks from Mainnet to Ethereum Testnets in the Crypto.com DeFi Wallet App.


Crypto.com DeFi Swap

DeFi Swap is designed to be the best place to swap and farm DeFi coins at the best available rate, leveraging proven and audited protocols, while offering an outstanding incentive program powered by CRO. Liquidity Providers (LPs) are incentivized for contributing to liquidity pools with Triple Yield through Swap-fee Sharing for LPs, CRO DeFi Yield for LPs who also stake CRO, and Bonus LP Yield for LPs of selected pools.

Crypto.com DeFiDecentralizedDefi swap is integrated with the Defi wallet allowing users to exchange tokens directly in the Defi Wallet app.

Crypto.org Chain

Crypto.org Chain is the next-generation public blockchain that enables transactions worldwide between people and businesses. It is also the technology that powers Crypto.com Pay. Crypto.org Chain Mainnet launched in March 2021, with Crypto.org Coin (CRO) as its native currency. Users can stake CRO in Crypto.com Defi Wallet to join delegated proof-of-stake and earn yield.

The team chose Tendermint - a byzantine fault-tolerant (BFT) consensus protocol - as the consensus engine for Crypto.org Chain.

CRO Token

The Crypto.com Coin (CRO) token is the native token of the Crypto.org Chain. CRO also powers the overall Crypto.com ecosystem, with utility across payment, trading, and financial services. In February 2021, Crypto.com announced updates to the CRO token distribution, with the goal of 100% decentralization in preparation for the Crypto.org Chain Mainnet launch. Crypto.com has pledged to burn 70 billion CROs (reducing the total supply of the token to 30 billion CROs), with the remaining 5.9 billion CROs to be used as Mainnet block rewards for Chain validators and allocation to Particle B for ecosystem development.

Crypto.com Pay

Crypto.com Pay is a mobile payment service that lets the user pay in and/or receive cryptocurrency anywhere and anytime for free. Crypto.com Pay has a suite of offerings, including Pay Checkout, Pay Gift Cards, Pay Airtime Top-Up, and Pay Your Friends.

Pay Checkout

Pay Checkout lets customers check out and pay in crypto and/or merchants to receive crypto as an additional payment option. Pay Checkout interface is easy and intuitive to use for both merchants and customers:

  1. The customer pays in crypto by choosing “Crypto.com Pay” on the checkout page at the merchants.
  2. The customer is presented with a QR code and scans to pay - either with Crypto.com App or with a supported decentralized wallet.
  3. The customer’s account is debited. The merchant receives payment instantly in the fiat currency or cryptocurrency of their choice in their business account with Crypto.com.

Pay Gift Cards

With Pay Gift Cards, Crypto.com App users can shop at worldwide prominent brands with crypto and get cashback in CRO with each purchase. Crypto.com offers gift cards from brands in several different categories including airlines, hotels, games, fashion, food and beverage, general retail, telecommunication, gas and diesel, entertainment, taxi services, and grocery. Users can get Crypto.com gift cards for brands including iTunes, Google Play, Amazon, Starbucks, and Nike among others.

Pay Airtime Top-Up

Pay Airtime is a feature that enables Crypto.com App users to pay for mobile airtime top-ups via Crypto.com Pay in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin, and CRO. With a few clicks in the Crypto.com App, users can top up airtime for mobile numbers offered by over 340 prepaid mobile network operators, including T-Mobile, Vodafone, Airtel, Orange, Verizon Wireless, and others, in over 100 countries.

Pay Your Friends

Pay Your Friends allows users to pay back their friends in crypto and earn rewards by doing so. Users can pay their friends in any cryptocurrency for free. Also if a user pays back a friend in CRO tokens, the sender will be rewarded with up to 10% cash back on the transaction.

Crypto.com VISA Cards

The Crypto.com Visa Card allows cardholders to earn up to up 8% CRO token rewards on all transactions without any annual fees. The cards also offer a variety of perks including 100% CRO token rewards on services including Spotify, Netflix, and Amazon Prime as well as large rebates with several other companies. The top Obisidan card perks also include access to airport lounges, Crypto.com private which has a variety of services for crypto traders, bonus interest, exclusive merchandise, and private jet partnerships.

Crypto.com's VISA cards are prepaid cards that the user can top up using bank account transfers, other credit/debit cards, or cryptocurrency. To apply for a Crypto.com Visa Card, a user needs to stake CRO tokens for 180 days. Based on how much CRO tokens they stake, users can qualify for different tiers of VISA cards that offer different perks and rewards: there is the Obsidian card (8% CRO cashback), Icy White and Frosted Rose Gold cards (5% cashback), Jade Green and Royal Indigo cards (3% cashback), Ruby Steel (2% cashback), and Midnight Blue (1% cashback).  The Visa Card can be managed via the Crypto.com App. In the app, users could complete card applications, view card details, track card spending records, receive eligible card rewards, etc.

Crypto.com NFT

Crypto.com NFT is a platform dedicated to delivering unique content from popular artists, musicians, athletes, and sports. Artists who've joined the Crypto.com NFT platform include Axel Mansoor, Bag Raiders, BossLogic, Boy George, KCamp, Klarens Malluta with Lionel Richie, Kloud (Dj), Mr. Brainwash, Snoop Dogg, among others. The Crypto.com NFT platform offers a user-friendly buying experience, allowing users to buy NFTs using their credit or debit card, and the option to pay with over 20 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin.

Kinetica

In addition to having a chance to win one of the limited-edition race NFTs, every successful submission will receive a commemorative NFT, with a unique NFT for onsite submissions and a unique NFT for offsite submissions. Submissions close Monday, May 8th, at 11:59 pm EDT. Commemorative NFTs and the limited edition NFTs minted during the race will be awarded within a week following the race.

Crypto.com signs NFT MoU with Fantagio

According to a press release, a MoU for cooperation in NFTs was signed by general entertainment firm Fantagio and Crypto.com. Through this alliance, the two businesses will work together to promote different NFT entertainment initiatives.
As their first joint venture, the firms will launch a music NFT in honor of Meta Miu, a metaverse idol. Fantagio and Web3 entertainment platform Fellaz collaborated on the creation of "Meta Miu," a female solo K-pop singer who performs in the metaverse. Members who have subscribed to the Fellaz platform through NFTs will have access to special material, and "Meta Miu" will be governed based on a participant-centered fanbase community.
On August 11, Crypto.com released five music NFTs of Miu's debut track, "Uptown Boy," on its NFT marketplace. Only one version of the NFT will include the whole song; the other four varieties will each contain various portions of the song. The Fellaz "light stick," which is a subscription to the Fellaz platform, may be obtained by holders of the complete song version NFT or those who have accumulated all of the individual sections of the entire song NFT. This grants access to the site's unique material.

“Through this MoU, we want to introduce a new fandom culture for the Web3 era, where fans and artists can be directly connected through NFT,” said Patrick Yoon, General Manager of Crypto.com Korea. “We will collaborate with Fantagio to discover new ways for fans around the world to experience K-content.”

Crypto.com One of the biggest NFT platforms in the world, NFT offers unique material from well-known sports teams, players, and entertainers including Snoop Dogg, Boy George, Aston Martin, and the UFC. Through the Crypto.com NFT platform, collectors and enthusiasts may buy and sell NFTs, and Crypto.com Pay makes it simple to pay with credit cards, debit cards, and cryptocurrencies.

Crypto.com Capital

Crypto.com Capital, the venture arm of Crypto.com, is dedicated to investing in crypto startups at Seed and Series A stages. Crypto.com Capital will lead seed rounds with cheque sizes between $100,000 and $3 million and Series A rounds from $3 million to $10 million.  Crypto.com Capital is led by Bobby Bao, co-founder of Crypto.com, who said:

“The motto and operating principle of Crypto.com Capital is “Founders First”. As company builders ourselves, we understand how hard it is to bring game-changing ideas to life. Founders can count on us to move fast and provide both capital and access to a global user base, helping them succeed. If you’re building in this space, contact us today: capital@crypto.com.

Partnerships

Formula One

In March 2021, Crypto.com announced a multi-year partnership with Aston Martin Cognizant Formula One Team to bring exclusive experiences and opportunities to traders and F1 fans. The partnership brings together two dynamic brands which share a passion for technology and speed and places Aston Martin Cognizant Formula One Team at the forefront of cryptocurrency innovation. Crypto.com is the first cryptocurrency platform to sponsor an F1 team.

Visa Principal Membership

In March 2021, Crypto.com announced a global partnership with Visa that also includes principal membership in Visa's network in Australia. The partnership will advance Crypto.com’s ambition to accelerate the adoption of crypto payment solutions around the world by expanding the reach of the Crypto.com Visa Card. In addition, Crypto.com is announcing plans to roll out fiat lending with crypto collateral via the Crypto.com Visa Card. Having been granted Visa principal membership, Crypto.com will begin direct issuance of the Crypto.com Visa Card in Australia. Crypto.com has also started offering virtual cards in Europe, allowing users to instantly start spending without waiting for the physical card to be in hand.

Lega Serie A

In May 2021, Crypto.com partnered with the Lega Serie A on the occasion of the 2021 Coppa Italia Final, which will see Atalanta B.C. challenge Juventus F.C. on May 19, at the Mapei Stadium in Reggio Emilia. To commemorate the event, a special NFT collection will be made available including the official trophy, match highlights, and more.

Team

Co-Founders

  • Kris Marszalek - Co-Founder and CEO
  • Bobby Bao - Co-Founder & Head of Corporate Development
  • Rafael Melo - Co-Founder and CFO
  • Gary Or - Co-Founder and Founder of Particle B

Other Senior Management

  • Eric Anziani - COO
  • Jason Lau - CISO
  • Matthew Chan - CTO
  • Antonio Alvarez - CCO
  • Brent Diehl - Chief Business Officer
  • Mariana Gospodinova - General Manager, Europe
  • Steven Kalifowitz - CMO

Advisory Board

  • Antoine Blondeau (Alpha Intelligence Capital) - Chairman of the Advisory Board
  • Chris Corrado (London Stock Exchange Group) - Trading Technology
  • Dimitri Tsamados (Eric Salmon & Partners) - Talent
  • Rob Bier (Trellis Asia) - Organisation Design & Scaling
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