Cronos (CRO) Falls Over 35% as Crypto.com Expands Global Services
Crypto.com’s Cronos (#CRO) has seen a decline of over 35% since early December, trading at approximately $0.128. The altcoin has a fully diluted valuation of about $3.8 billion and a 24-hour trading volume around $28 million. Recent patterns indicate a potential bullish reversal.
Key points include:
- CRO's total value locked (TVL) exceeds $479 million.
- The stablecoins market cap is over $18 million.
- Crypto.com has over 100 million registered users due to regulatory approvals, including full approval under the MiCA regulations in Europe.
- Institutional-grade services will be available in the U.S. for retail users.
- International custody services have launched for global clients.
- Strategic partnership with Mastercard introduced a tiered card system in Bahrain, allowing various CRO token lockup options and rewards.
CEO Kris Marszalek emphasized ongoing efforts in safety and security to facilitate responsible adoption of digital assets. Eric Anziani, COO, noted the expansion of the card program across several countries in the Gulf Cooperation Council (GCC).