Introduction
Crypto.com is a leading cryptocurrency exchange based in Singapore, offering a wide range of financial services. Established in 2016, the company has grown rapidly, serving over 100 million customers as of 2024. With a strong focus on innovation and compliance, Crypto.com provides services such as trading, DeFi wallets, NFT marketplaces, and crypto payments.
Company Overview
Key Details
| Attribute | Details |
|---|---|
| Company Type | Private |
| Industry | Cryptocurrency |
| Founded | June 2016 |
| Founders | Bobby Bao, Gary Or, Kris Marszalek, Rafael Melo |
| Headquarters | Singapore |
| Products | Cryptocurrency exchange, DeFi wallet, NFT marketplace, payment services |
| Employees | 4,000 (2022) |
| Website | Crypto.com |
Core Services
- Crypto Trading: Supports multiple cryptocurrencies.
- DeFi Wallet: Non-custodial wallet for secure asset management.
- NFT Marketplace: Platform for buying and selling digital collectibles.
- Payment Solutions: Crypto-based payments for merchants and users.
History and Evolution
Founding and Early Years
- Originally launched as Monaco in Hong Kong (2016).
- Rebranded to Crypto.com in 2018 after acquiring the domain for $5–10 million.
Major Milestones
- 2021: Reached 10 million users; partnered with Shopify for crypto payments.
- 2022: Secured naming rights for Crypto.com Arena ($700M deal).
- 2024: Expanded institutional services in the U.S. and launched stock/ETF trading.
Challenges
- 2022 Hack: Lost $15M in Ether; customer funds remained secure.
- Market Downturn: Laid off 2,000+ employees due to crypto volatility.
Products and Services
Cronos Token (CRO)
- Utility: Powers the Crypto.com ecosystem (staking, rewards, fees).
- Supply Limit: 30.2 billion CRO.
| Feature | Detail |
|---|---|
| Code | CRO |
| Launch | December 2018 |
| Valuation | Floating exchange rate |
Partnerships and Sponsorships
- Sports: UFC, Formula 1, FIFA World Cup, Paris Saint-Germain FC.
- Entertainment: Matt Damon (brand ambassador), Crypto.com Arena.
Regulatory Compliance
Global Licensing
- North America: FinCEN (U.S.), FINTRAC (Canada).
- Europe: MiCA License (2025), FCA (UK), CySEC (Cyprus).
- Asia: MAS approval (Singapore), South Korean VASP registrations.
Key Regulations
- AML/CTF: Compliant with global anti-money laundering standards.
- MiCA: Enables EU-wide operations under unified crypto laws.
FAQs
1. Is Crypto.com safe to use?
Yes, Crypto.com employs robust security measures, including cold storage for funds and 2FA. Regulatory licenses (e.g., FinCEN, MAS) further ensure compliance.
2. What is CRO used for?
CRO powers transactions, staking, and rewards within the Crypto.com ecosystem, including cashback on Visa cards.
3. How does Crypto.com handle hacks?
In the 2022 breach, no customer funds were lost. The company paused withdrawals temporarily and restored services post-investigation.
4. Can I trade stocks on Crypto.com?
As of 2025, Crypto.com offers stock and ETF trading for U.S. users.
Future Outlook
- Institutional Expansion: Targeting advanced traders with derivatives.
- Global Reach: Partnerships with Deutsche Bank and Mastercard.
- Innovation: Plans for stablecoins and Cronos ETF.
👉 Explore Crypto.com’s latest features
👉 Learn about secure crypto trading
Conclusion
Crypto.com stands as a pioneer in the crypto space, blending user-friendly services with stringent compliance. From trading to NFTs, its ecosystem continues to evolve, backed by strategic partnerships and regulatory approvals. Whether you’re a beginner or an institutional investor, Crypto.com offers tools to navigate the digital asset landscape.
For more details, visit Crypto.com.