Crypto.com Company Research Report

Company Overview

• Name: Crypto.com

• Mission: To accelerate the world’s transition to cryptocurrency.

• Founded: Founded in 2016 (No specific founder information is provided).

• Key People:

• Kris Marszalek - Co-Founder & CEO

• Rafael Melo - Co-Founder & CFO

• Bobby Bao - Co-Founder, Head of Crypto.com Capital

• Eric Anziani - President & COO

• Headquarters: No information is available on the exact location.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Crypto.com is known for its comprehensive crypto platform that serves over 100 million users across 90 countries, offering a wide range of crypto-related services and products, including trading, staking, DeFi services, payment solutions, and more.

Products

• Crypto.com App:

• Description: A versatile mobile platform to buy, sell, and trade over 350+ cryptocurrencies.

• Key Features: Allows trading of cryptocurrencies with multiple fiat currencies, offers price alerts, recurring buys, and on-chain staking.

• Metal Visa Cards:

• Description: A series of Visa cards offering rewards in crypto.

• Key Features: Up to 5% back on spending, no annual fees, support for fiat and crypto top-up.

• Crypto.com Pay:

• Description: A payment solution allowing users to spend their crypto.

• Key Features: Enables spending crypto anywhere with partner businesses.

• Crypto Earn:

• Description: An interest-earning service for various cryptocurrencies.

• Key Features: Supports over 21 cryptocurrencies including Bitcoin and stablecoins, offers competitive interest rates.

• Exchange:

• Description: A secure and fast platform for trading cryptocurrencies.

• Key Features: Deep liquidity, 3x margin trading, 20x leverage in derivatives trading, high security compliance.

• DeFi Wallet:

• Description: A comprehensive application for decentralized finance services.

• Key Features: Offers self-custody of crypto, DeFi earnings without lock-ups, and simplicity in swapping DeFi coins.

Recent Developments

• Acquisitions:

• Acquired SEC-registered broker-dealer, Watchdog Capital, LLC.

• Partnerships:

• Announced partnerships with Beyon Money and BENEFIT in Bahrain for expanding transaction and payment capabilities.

• Strategic partnership with 21.co to enhance liquidity and custody solutions.

• Collaboration with prominent global partners to enhance capabilities and grow user base.

• Appointments:

• Thales Freitas appointed as General Manager of Brazil, highlighting Brazil as a significant growth market.

• Legal and Regulatory:

• Filed a lawsuit against the SEC to protect the future of crypto in the U.S.

• Technology and Security:

• Upgraded to PCI DSS v4.0 certification, reflecting enhanced payment security standards.

• Product Launches and Enhancements:

• Contracts for differences (CFDs) have been introduced in the Crypto.com app.

• Additional cryptocurrencies (Kaia, Lumia, Scroll) have been listed in the app.

• Introduction of new contracts and seller trading options, like UpDown options and PAXG contracts for CFDs.

Conclusion

Crypto.com remains a pivotal player in the cryptocurrency space with its broad ecosystem that spans a variety of crypto services, trading solutions, and financial products. The company continues to expand its reach through strategic partnerships, regulatory compliance advancements, and innovative product offerings aimed at solidifying its presence and meeting the demands of the evolving digital asset landscape. With a mission to put cryptocurrency in every wallet, Crypto.com is clearly committed to leading in the transition to a decentralized currency model.