Overview of Crypto.com Exchange
Originally established in Hong Kong in June 2016, Crypto.com Exchange launched three years later and is now headquartered in Singapore. The platform serves over 50 million customers across 90+ countries, including regions like Europe, the USA, Canada, Australia, Latin America, and parts of Asia.
Products and Services
Crypto.com offers a comprehensive ecosystem:
- Mobile App: For trading and asset management.
- Crypto.com Visa Card: A crypto-linked debit card.
- DeFi Wallet: Non-custodial wallet for decentralized finance.
- Earn Program: Interest-bearing accounts for crypto holdings.
- NFT Marketplace: For trading non-fungible tokens.
- Credit Services: Crypto-backed loans.
The centralized exchange (CEX) supports:
- Spot Trading: Immediate buy/sell of cryptocurrencies.
- Margin Trading: Up to 10X leverage.
- Derivatives: Perpetuals and futures with up to 100X leverage.
👉 Explore Crypto.com's trading features
Founders and Background
Co-founded by Kris Marszalek, Gary Or, Rafael Melo, and Bobby Bao, the project began as "Monaco" before rebranding to Crypto.com in 2018. The company operates under Foris DAX Asia, a subsidiary of Foris DAX Markets, Inc.
Kris Marszalek's entrepreneurial journey includes ventures like:
- Yiyi: A location-based service platform.
- Beecrazy: An e-commerce company.
- Starline Polska: Consumer electronics design.
Supported Assets and Trading Pairs
Crypto.com Exchange lists 250+ digital assets, including:
- Top Cryptocurrencies: BTC, ETH, USDT, USDC, BNB, ADA, XRP, SOL, DOGE.
- Fiat Support: 20 fiat currencies for deposits/withdrawals.
Fee Structure
Fees are tiered based on 30-day trading volume and CRO staking:
Spot/Margin Trading Fees
| Tier | 30-Day Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| 1 | <$250K | 0.075% | 0.075% |
| 5 | ≥$10M | 0.00% | 0.05% |
Derivatives Fees
| Tier | Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| 1 | <$1M | 0.017% | 0.034% |
| 5 | ≥$50M | 0.00% | 0.026% |
Discounts: Reduced fees for users who stake CRO.
Leverage and Margin Trading
- Margin Trading: 3X, 5X, or 10X leverage.
- Derivatives: Up to 100X leverage on perpetuals/futures.
- Interest Rates: As low as 0.008% daily for CRO stakers.
👉 Learn about leveraged trading on Crypto.com
Geographic Availability
The Crypto.com App is available in 49 U.S. states (excluding New York) and has global restrictions (listed on their website).
FAQ Section
1. What is Crypto.com’s native token?
The native token is Cronos (CRO), used for staking, fee discounts, and ecosystem participation.
2. How does Crypto.com’s fee structure work?
Fees are volume-based and decrease with higher trading activity or CRO staking.
3. Which countries are restricted from using Crypto.com Exchange?
Restrictions apply to certain regions; check the official website for details.
4. What leverage options are available?
- Margin Trading: Up to 10X.
- Derivatives: Up to 100X.
5. Can I trade futures on Crypto.com?
Yes, the platform supports perpetual contracts and futures.
6. How do I reduce trading fees?
Stake CRO tokens to unlock tiered discounts.
Key Takeaways:
Crypto.com Exchange is a versatile platform offering spot, margin, and derivatives trading, supported by a robust ecosystem. With competitive fees, extensive asset listings, and global reach, it caters to both retail and professional traders.