Crypto.com Sees Roughly 50% Growth in User

Cryptocurrency payments platform and card issuer Crypto.com (CRO) has seen its userbase increase to over 3 million, according to CEO Kris Marszalek. Marszalek revealed the change in response to questions posed by CoinDesk, as a part of its First Mover newsletter.

The CRO token is $0.12 at the time of publishing, nearly 4 times as much as it was at the start of the year. The rapid rise of the price has seen it take 11th position in terms of market cap at $2.2 billion.

Speaking about this strong performance of the CRO token in 2020, Marszalek responded to several questions through a spokesperson. Right off of the bat, he avoided laying emphasis on the price of the token, preferring instead to talk about the possible reasons as to why the token has performed well (and noting that other assets have also performed well.)

When asked about the main achievements that Crypto.com has managed so far in 2020, Marszalek said that that userbase had jumped from roughly 2 million in early May 2020 to 3 million in June. The CEO also said that the diverse range of products that the platform offers - payments and cards, trading and financial services- are the reasons behind the strong growth.

Crypto.com has increasingly gained attention in the cryptocurrency community. In early June, it was revealed that it had become only the second asset after Bitcoin to have its own Twitter emoji, which Twitter offers to businesses for a reported price of $1 million. Crypto.com will also be one of the pilot members of ConsenSys’ new ETH staking service.