- Crypto.com revealed its plan to launch Cronos ETF this year.
- The company s also preparing to introduce its stablecoin this year.
The prominent Crypto exchange Crypto.com recently announced the launch of Cronos exchange-traded fund (ETF) in 2025. The development arises amid growing institutionalization interest in the crypto sector.
Moreover, according to their released roadmap, the ETF filing will take place in 2025, the fourth quarter. The other details about the proposed ETF have not been disclosed yet.
Before heading towards the ETF, the company plans to launch stocks and stock options on its platform in the first quarter of 2025. In addition, the company also plans to introduce a new stablecoin by the third quarter.
Furthermore, the firm has already completed five out of six planned financial products for the first quarter. By introducing new financial products, the company’s preference is to improve the user experience and expand its business globally.
Crypto exchange Crypto.com is based in Singapore but the company operates worldwide. So it is not clear yet where they file the ETF.
Crypto.com Grabs Mica License
Crypto.com recently reported that their Malta division had grabbed a MiCA license from the Malta Financial Services Authority (MFSA). This made it the first global crypto firm to grab the full MiCA license.
On this Eric Anziani, President of Crypto.com stated,
“Securing a MiCA license has been a major priority for us in recent years, and receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally,”
However, despite this achievement and major plans the native Cronos token price is in bearish mode. Over the last month, the CRO price was down by almost 33% showing bearish momentum.
At press time, the CRO price was trading at $0.1053 with an intraday loss of 0.95%. Its market cap stands at $2.8 billion and has a circulating supply of 26.57 billion.
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