Explosive growth expected for Crypto.com (CRO) next year… Credit card launched in Korea
Enlarge ImageCrypto.com announced its groundbreaking ‘Level Up’ program on the day former President Donald Trump was re-elected as the 47th President and also released a roadmap to 2025. Photo = Crypto.com Blockchain company Crypto.com announced a major update on the day Trump became the 47th U.S. president, or ‘Crypto President.’
Crypto.com will now offer credit card and stock services to eligible customers through banking services from partner banks and Crypto.com affiliates. In addition, it announced its own customer benefit ‘Level Up’ program and announced that it will provide integrated asset management services.
The level-up program provides differentiated benefits at each stage. We provide a variety of virtual assets and financial rewards to customers through a unified brand called Crypto.com, and provide users with partnerships with banks and financial companies that provide various financial services such as credit cards, stocks and stock options, deposit accounts, and savings accounts. We plan to provide various benefits.
Among the benefits provided by leveling up, △High-level customers receive up to 3% bonus when transferring stock deposits △7.5% interest reward on cash balance in the first year (rate adjustment applies later) △Crypto.com card for the first year Benefits worth up to 8% of the amount spent (later adjusted to 5%) are provided.
For stock trading, the service is provided through Watchdog Capital, LLC, which was acquired last month. It is expected to provide options to manage, hedge, and trade all stocks and securities in one place.
Crypto.com works with world-class banking partners to make relevant products available, eliminating or reducing fees, providing a higher factor for bank account balances, and enabling fast money transfers to anyone, anywhere through an intuitive interface. We plan to improve the convenience of using the account.
Credit cards are particularly eye-catching. Crypto.com already offers the Crypto.com Visa debit card through a partnership with Visa. Although this debit card has not yet been approved for issuance in Korea, Crypto.com has been working to provide better benefits while complying with domestic regulations.
In March 2022, a business agreement (MOU) was signed between Crypto.com, Visa, and BC Card for the domestic launch of a commercially labeled credit card (PLCC).
First, looking at the stock-related roadmap, Crypto.com plans to provide stock and ETF trading in the United States, Australia, Canada, and the European Union (EU) in the first quarter of 2025, and stock options trading in the United States in the second quarter of 2025. .
In the third quarter of 2025, foreign exchange markets, raw materials markets, indices and derivatives are scheduled to be introduced to the US, EU and Australia.
The banking service plans to launch personal accounts supporting various national currencies in countries such as the US, UK, EU, and Australia in the first quarter of 2025.
In the second quarter of 2025, cash interest will be offered through Crypto.com in the US, UK, EU, and Australia.
In the third quarter of 2025, it is planned to be able to send money anywhere in the world for as little as 1 cent within 1 second. In the fourth quarter, we plan to make it possible to open international financial accounts and business accounts. In addition, we plan to expand the areas where debit cards can be used, including in South America, the Middle East, and Africa.
Explosive growth expected for Crypto.com (CRO) next year… Credit card launched in Korea
Click to enlarge imageCrypto.com credit card is scheduled to be launched in Korea in the second quarter of 2025. It has been about two years since the signing of an agreement for the issuance of PLCC cards between the three companies Crypto.com, Visa, and BC Card in March 2022. Photo = Crypto.com
In particular, Crypto.com credit cards are scheduled to be issued in the United States and Korea in the second quarter of next year.
We plan to issue Prime Cards worldwide in the third quarter of 2025, and plan to provide a 10% discount or refund of the payment amount when using some travel services.
Crypto.com launched its mainnet, CRONOS, in 2021. Through this, it is possible to expand the blockchain ecosystem by servicing and expanding various dApps. In the fourth quarter of this year, the Khronos AI developer tool (Dev Tool) is expected to expand worldwide, and the area where the web and app can be used is also expected to expand worldwide.
Regarding virtual assets, in the first quarter of 2025, the Crypto.com exchange function will expand to many countries around the world, including the United States, and the fiat-virtual asset exchange service (Fiat On/Off Ramp Expansion) will also be available in the United Arab Emirates (UAE), Korea, and the United Arab Emirates. Expanded to Hong Kong, etc. In this case, it is expected that coins such as Bitcoin (BTC), Ethereum (ETH), and Kronos (CRO) can be converted to Korean Won (KRW) according to the market price of the day.
In the second quarter of 2025, rewards will be provided if you own Bitcoin, and compensation for other virtual assets is also expected to be provided at the highest level in the industry. Additionally, a trust service for virtual assets will be provided.
Crypto.com’s stablecoin is scheduled to be issued in the third quarter of 2025. In addition, a trading tool using AI will also be released.
In the fourth quarter of 2025, the company plans to submit an application for the CRONOS ETF along with margin derivatives.
“When you think about what makes Crypto.com the leading global cryptocurrency platform, it’s easy to point to sports partnerships like the iconic Crypto.com Arena or signature brand campaigns,” said Kris Marszalek, founder and CEO of Crypto.com. “It contributed to raising awareness,” he said. “But we were also known as a place where we could provide the best products and receive the best rewards from users and the community. Today’s product announcement from Level Up goes right back to the beginning. “It is,” he explained.
Reporter Sanghoon Lee, Global Economics [email protected]
[알림] This article is for reference only when making investment decisions, and we are not responsible for any investment losses based on it.
