Crypto.com, the cryptocurrency exchange that rose to prominence during the 2020–2021 bull market, has unveiled its ambitious plans for 2025. In a recent announcement, the exchange revealed its intention to file a Cronos (CRO) exchange-traded fund (ETF) submission in the fourth quarter of this year.
But that’s not all! Crypto.com also plans to list stocks, stock options, and ETFs on its platform beginning in the first quarter. Additionally, the exchange is gearing up to roll out new banking features, including personal multicurrency accounts and cash savings accounts.
One of the most exciting targets on Crypto.com’s roadmap is the release of a new Crypto.com stablecoin by the third quarter. While details about the stablecoin and ETF are sparse, a Crypto.com spokesperson told CryptoMoon that the new products are part of a broader effort to “enhance all aspects of user experience.” This includes offering “the broadest range of financial investment services.”
The exchange has already delivered five of the six planned products laid out in its Q1 roadmap. On top of that, it launched its institutional custody services ahead of schedule. The exchange is headquartered in Singapore but operates globally. However, it’s not clear where it intends to file its ETF or in which fiat currency its stablecoin will be offered.
Crypto.com secured a full European Union license under the Markets in Crypto-Assets Regulation (MiCA) framework. As of now, Crypto.com is the world’s 13th-largest digital asset exchange by total volume, according to CoinMarketCap.
Crypto ETF race heats up
Digital assets saw a wave of institutional adoption in 2024 following the successful launch of spot Bitcoin (BTC) ETFs in the United States. The US ETFs pulled in more than $35 billion in 2024 and ended the year with more than $100 billion in net assets. The momentum hasn’t slowed down.
Investment giants VanEck, Grayscale, 21Shares, Bitwise, and Canary Capital have all applied for Solana (SOL) ETFs, which would give institutional investors access to the fifth-largest cryptocurrency. VanEck has also submitted an ETF application that would invest in the “Onchain Economy,” which includes digital asset companies such as miners, crypto exchanges, and software developers.
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2025-02-04 19:54