Crypto.com to File for Cronos ETF and Launch Proprietary Stablecoin in 2025

Crypto.com, a prominent cryptocurrency exchange based in Singapore, has announced its plans to file for a Cronos ETF and launch its own stablecoin in 2025. As part of its roadmap for the year, the company aims to file for the ETF in the fourth quarter, although details on the filing process are yet to be disclosed.

Cronos ETF Filing and Stablecoin Launch

The planned Cronos ETF will be centered around Crypto.com’s native token, Cronos (CRO). This move is part of a broader trend, with several asset managers recently filing applications to launch ETFs targeting Solana (SOL) and Ripple (XRP). Grayscale Investments has also launched a Dogecoin Trust, while Tuttle Capital Management has filed to launch 10 2x-leveraged ETFs.

In addition to the CRO ETF launch, Crypto.com plans to launch its own stablecoin in the third quarter of 2025. However, details regarding the stablecoin’s underlying fiat currency and other specifics are yet to be confirmed.

Broadening Financial Services and Regulatory Compliance

Beyond the CRO ETF and stablecoin launch, Crypto.com is expanding its scope of financial services. The exchange plans to list stocks and stock options in the first quarter of 2025, extending its offerings beyond cryptocurrency. It is also working on introducing new banking features, including personal multicurrency accounts and cash savings accounts.

Crypto.com is also focusing on increasing its regulatory compliance. On January 27, the company’s Malta division obtained the first-ever MiCA license from the Malta Financial Services Authority.

CRO Token Performance

Despite Crypto.com’s ambitious plans, the CRO token has been in bearish territory, with its price down nearly 37% over the past month. As of now, CRO is trading at approximately $0.10, showing a slight intraday loss of 3.25%.

Stay up to date with the latest cryptocurrency news and trends on Global Crypto News.

Some key points to consider when investing in cryptocurrency ETFs:

• Research the underlying assets and their performance history
• Understand the fees associated with the ETF
• Evaluate the regulatory environment and compliance
• Consider the potential risks and volatility

As the cryptocurrency market continues to evolve, it’s essential to stay informed and adapt to changes in the regulatory landscape and market trends.

Post Views: 0