Description of Crypto.com Exchange
What Is Crypto.com Exchange?
Crypto.com was initially established in Hong Kong in June 2016, and Crypto.com Exchange was launched 3 years later. Now based in Singapore, the platform has more than 50 million customers in over 90 countries, including Europe, the USA, Canada, Russia, Australia, Latin America and some Asian countries.
The company offers its customers the following products: a mobile app, Crypto.com Visa card, a mobile wallet, Crypto.com Earn, Crypto.com Pay, Crypto.com NFT, Crypto.com Credit. The centralized exchange (CEX) offers spot trading, margin trading and derivatives trading. Crypto.com also offers DeFi products like a DeFi wallet and an ecosystem on the Crypto.org chain powered by its native token, Cronos (CRO).
Who Are the Crypto.com Exchange Founders?
The Singapore-based crypto and payments platform was co-founded by Kris Marszalek, Gary Or, Rafael Melo and Bobby Bao as "Monaco”. In 2018, the project was renamed as Crypto.com. The company is operated by Foris DAX Asia, owned by Foris DAX Markets, Inc.
Kris Marszalek is a serial entrepreneur. Before founding Crypto.com, Marszalek launched Yiyi, a location based service platform, and Beecrazy, an e-commerce company. He also co-founded Starline Polska, a consumer electronics design and manufacturing company.
Where Is Crypto.com Exchange Located?
Crypto.com is based in Singapore.
Crypto.com Exchange Restricted Countries
The Crypto.com App is currently available in 49 states in the United States, except New York. Globally, the exchange has quite extensive restrictions, and the full list is on the official website.
What Coins Are Supported on Crypto.com Exchange?
The exchange supports over 250 digital assets (with spot trading, futures, advanced order types), 100 trading pairs and 20 fiat currencies. The top crypto assets available on the platform include: BTC, ETH, USDT, USDC, BNB, BUSD, ADA, XRP, SOL, DOGE, MATIC, DAI, SHIB.
How Much Are Crypto.com Exchange Fees?
Spot and margin trading fees are tiered in 5 levels based on the user’s 30-day spot trading volume. For level 1 (below $250K), maker and taker fees are 0.075%. For level 5 ($10M or more), maker fees are 0.00% and taker fees are 0.05%.
For derivatives, maker-taker fees are also segmented in 5 levels based on 30-day derivatives trading volume. For level 1 (below $1M), maker fees are 0.017% and taker fees are 0.034%. For level 5 ($50M or more), maker fees are 0.00% and taker fees are 0.026%.
Fees are further reduced based on the amount of CRO staked. Crypto.com also offers VIP tiered trading fees for users who trade between 0.10% and 2.00% or more of the exchange’s spot or derivative volume.
Is It Possible To Use Leverage or Margin Trading on Crypto.com Exchange?
Investors can access up to 10X leverage via margin trading on the Crypto.com platform. Margin traders can choose between 3X, 5X and 10X leverage. Users who stake CRO receive preferential interest rates of as low as 0.008% per day.
Users can also trade crypto derivatives — perpetuals and futures contracts with up to 100X leverage.
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