Singapore-based crypto exchange Crypto.com, which operates globally, has submitted it to Cronos ETF and announced plans to launch its own Stablecoin.
As part of the 2025 roadmap, Crypto.com will apply for the release of its ETF, centered around Native Token Cronos (CRO). The company plans to file it with the ETF in the fourth quarter of the year, but details of the filing process have not been disclosed yet.
To put this future development in mind, Crypto.com is just one of many companies competing for the launch of Crypto ETFs. Recently, several asset managers have submitted applications to regulators to launch ETFs targeting Solana (SOL) and Ripple (XRP). Additionally, Grayscale Investments has launched DogeCoin Trust, while Tuttle Capital Management has submitted to launch 10 2x leveraged ETFs.
Apart from the launch of the CRO ETF, another much-anticipated milestone for Crypto.com in 2025 is the launch of its own Stablecoin in the third quarter. However, details regarding the Fiat currency underlying Stablecoin and other details remain uncertain at this time.
Beyond the launch of CRO ETFs and Stablecoin, Singapore-based Crypto Exchange is expanding its financial services scope. The exchange will list stocks and stock options in the first quarter of 2025 and will extend its offering beyond crypto. They are also working to introduce new banking functions, such as individual multi-currency accounts and cash savings accounts.
Crypto.com extensions are not limited to the provision of the services. The company also focuses on increasing regulatory compliance. Just a week ago, on January 27th, the Malta division of Crypto.com received its first MICA license from the Malta Financial Services Agency.
According to CoinMarkeCap, Cro Token is in Bearish territory and has fallen almost 37% over the past month, despite Cro Token being in the Bearish territory. Currently, the CRO is trading at around $0.10, indicating a small loss of 3.25%.
