Crypto.com Unveils 2025 Expansion: ETF for Cronos and New Stablecoin

Generado por agente de IACoin World
miércoles, 5 de febrero de 2025, 8:06 am ET1 min de lectura
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Crypto.com, a leading global cryptocurrency exchange, has revealed its ambitious expansion plans for 2025, including the launch of an exchange-traded fund (ETF) for its native token, Cronos (CRO), and the introduction of a new stablecoin. The exchange, headquartered in Singapore, aims to diversify its offerings and enhance user experience by providing a broader range of financial investment services.

The ETF for Cronos, currently valued at $0.105, is set to be a significant addition to the exchange's platform. Crypto.com plans to file for the ETF in the fourth quarter of 2025, although specific details about the submission remain limited. Before proceeding with the ETF launch, the exchange intends to list stocks, stock options, and ETFs on its platform starting in the first quarter of the year, further expanding its product range.

In addition to the ETF, Crypto.com has set a notable goal to unveil a new stablecoin by the third quarter of 2025. While specifics about the stablecoin and ETF remain limited, a spokesperson for Crypto.com emphasized that these new products are part of a larger initiative to enhance user experience by providing the broadest range of financial investment services.

Crypto.com has already achieved significant milestones this year, delivering five of the six planned products laid out in its Q1 roadmap and launching its institutional custody services ahead of schedule. The exchange recently obtained a full European Union license under the Markets in Crypto-Assets Regulation (MiCA) framework, further solidifying its global presence.

The race to launch cryptocurrency ETFs has intensified, with digital assets experiencing a surge in institutional adoption in 2024. Spot Bitcoin ETFs in the United States attracted over $35 billion in 2024 and concluded the year with assets exceeding $100 billion. This trend has continued, with spot Bitcoin funds securing $4.94 billion in January alone. The spot Ether ETFs also saw a significant influx of capital towards the end of last year, indicating a growing interest in cryptocurrency investments.

Major asset managers, including VanEck, Grayscale, 21Shares, Bitwise, and Canary Capital, have all submitted applications for Solana ETFs, aiming to provide institutional investors with access to this top-five cryptocurrency

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