Crypto.com is a cryptocurrency exchange as well as a payment processor. Its major goal is to increase the acceptance of cryptocurrencies. Crypto.com, which was established in 2016, has already over 3 million subscribers.
Kris Marszalek, an experienced entrepreneur, leads the company from its Hong Kong headquarters. CFO Rafael Melo, CTO Gary, and Head of Corporate Development Bobby Bao are among the other three Co-founders of Crypto.com.
The Crypto Credit Services
Maker/taker charges on Crypto.com are minimal, starting at 0.2%. It has a fee structure that is both open and fair. By staking CRO tokens, clients can get lower fees. Aside from lower expenses, they can also get a 20% return on their investment.
The Crypto Credit services are another thing that consumers should investigate. The concept is to let people loan money from the company and repay it afterward. Users should be staking MCO or Bitcoin. There are no repayment deadlines, no credit checks, reduced fees when utilizing MCO tokens, and no minimum repayments with such product.
Businesses and merchants will be able to receive bitcoin payments in their store’s thanks to Crypto.com Pay. They are charging merchants 0% service charges for all crypto-based payments and 0.5% fees for fiat-based payments. Furthermore, this represents a massive 80% savings above the fees charged by other leading payment processors. Ledger and WooCommerce shops are already accepting Crypto.com.
MCO and CRO – Crypto.com’s Native Tokens
The MCO token auction was held from May 18 through June 18, 2017. They acquired $26.7 million throughout the timeframe. They are now being listed on 30 exchanges around the world. Staking MCO tokens enables customers to purchase metal visa cards. Every time they use their MCO card to make a purchase, users will receive an addition to 5% cashback. Clients should Stake extra MCO tokens to raise allocated MCO cards to a higher tier. Furthermore, they will be receiving MCO at a rate of 6% each year for 500 and 8% per annum for the ranks of 5,000 and 50,000.
The CRO token, which enables cross-asset intermediate currency payment for the native Crypto.com Chain, is the second token in the community. They are presently offering 22 different exchanges throughout the world. CRO also means settling a cross-asset currency. It pays the costs associated with block transactions. Analyzing nodes and validating transactions will be given a CRO as an award. When users deal directly with CRO, they must pay small transaction fees. Users can get a 50% discount if they buy cryptocurrency with CRO at the crypto.com exchange. Users can also acquire entry to the Syndicate via CRO tokens. The Syndicate is a network that allows the most potential crypto projects to raise funds by listing their coins on the Crypto.com market.
The release of the exchange’s beta edition was in November of this year. The Vortex Liquidity System provides customers with reasonable prices and access to a wide global platform. Depending on their 30-day trading activity and CRO staking status, users can get a 100% trading cost reduction. In addition, a redesigned Matching Engine and Order Management System have resulted in a tenfold boost in productivity. With a consistent REST and Websocket API, it’s simple to utilize. It offers a powerful and reliable risk engine, as well as highly leveraged margin and derivatives trading.
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