Crypto.com has established itself as a major player in the global cryptocurrency exchange landscape. This in-depth review covers its market position, key features, and essential details for potential users.
Understanding Crypto.com's Market Position
Crypto.com consistently ranks among the top cryptocurrency exchanges globally. Recent data places it at #11 in overall exchange rankings, with a significant 2.46% market share. The platform supports an impressive 394 coin listings and facilitates trading across 582 markets, demonstrating its substantial liquidity and diverse offering.
The exchange's trading volume highlights its active user base. Major trading pairs include:
- BTC/USD: Approximately $678.97 million in 24-hour volume
- ETH/USD: Approximately $443.42 million in 24-hour volume
- BTC/USDT: Approximately $403.47 million in 24-hour volume
- ETH/USDT: Approximately $344.29 million in 24-hour volume
- XRP/USD: Approximately $48.69 million in 24-hour volume
Platform History and Foundational Information
Crypto.com was initially established in Hong Kong in June 2016. The exchange platform itself launched three years later. The company is currently headquartered in Singapore and has achieved remarkable growth, serving over 50 million customers across more than 90 countries.
The Founding Team
The platform was founded by a team of experienced entrepreneurs:
- Kris Marszalek: CEO, previously founded ventures like Beecrazy (e-commerce) and Yiyi (location-based services)
- Gary Or: Chief Technology Officer
- Rafael Melo: Chief Financial Officer
- Bobby Bao: Chief Operating Officer
Originally operating under the name "Monaco," the project rebranded to Crypto.com in 2018. Operations are managed by Foris DAX Asia, a subsidiary of Foris DAX Markets, Inc.
Comprehensive Product Ecosystem
Crypto.com offers much more than just exchange services. Their ecosystem includes:
- Mobile App: User-friendly interface for trading and portfolio management
- Visa Card: Crypto-backed payment card with various reward tiers
- Crypto Wallet: Secure storage for digital assets
- Earn Program: Interest-earning opportunities on cryptocurrency holdings
- Pay Service: Crypto payment gateway for merchants
- NFT Marketplace: Platform for buying and selling non-fungible tokens
- DeFi Wallet: Non-custodial wallet for decentralized finance applications
The exchange itself provides spot trading, margin trading, and derivatives trading capabilities, catering to both beginner and advanced traders.
๐ Explore advanced trading strategies
Supported Cryptocurrencies and Trading Pairs
Crypto.com Exchange supports an extensive selection of over 250 digital assets with access to 100 trading pairs. The platform also supports trading with 20 fiat currencies, including USD and EUR.
Major supported cryptocurrencies include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- BNB (BNB)
- Cardano (ADA)
- XRP (XRP)
- Solana (SOL)
- Dogecoin (DOGE)
- Polygon (MATIC)
- Shiba Inu (SHIB)
Fee Structure Explained
Crypto.com employs a tiered fee structure based on 30-day trading volume:
Spot and Margin Trading Fees
- Level 1 (<$250K volume): 0.075% maker and taker fees
- Level 5 (>$10M volume): 0.00% maker fee, 0.05% taker fee
Derivatives Trading Fees
- Level 1 (<$1M volume): 0.017% maker fee, 0.034% taker fee
- Level 5 (>$50M volume): 0.00% maker fee, 0.026% taker fee
Users can obtain additional fee reductions by staking CRO tokens, the platform's native cryptocurrency.
Advanced Trading Features
Margin Trading
Crypto.com Exchange offers leverage of up to 10x for margin trading, with specific ratio options of 3x, 5x, and 10x. Users who stake CRO tokens can access preferential interest rates as low as 0.008% per day.
Derivatives Trading
The platform supports derivative products including perpetual and futures contracts with leverage of up to 100x, providing advanced trading opportunities for experienced investors.
Geographic Availability and Restrictions
While Crypto.com boasts extensive global availability, certain restrictions apply:
- United States: Available in 49 states (not available in New York)
- Global Restrictions: The exchange maintains restrictions on several countries, with a comprehensive list available on their official website
The platform serves customers across Europe, North America (Canada, US), Australia, parts of Asia, Latin America, and Russia.
Native Tokens: CRO and the Crypto.org Chain
Crypto.com has developed its own blockchain ecosystem powered by the Cronos (CRO) token. The Crypto.org chain supports various decentralized applications and services, while the CRO token provides utility across the platform including fee discounts, staking rewards, and card benefits.
๐ Discover more about ecosystem tokens
Frequently Asked Questions
What is Crypto.com's current exchange ranking?
Crypto.com typically ranks among the top 15 global exchanges, currently holding the #11 position with approximately 2.46% of the total market share across cryptocurrency exchanges.
Which countries are restricted from using Crypto.com Exchange?
While available in most regions, Crypto.com Exchange restricts users from several countries. The platform is not available in New York state, and maintains restrictions on certain other jurisdictions. The complete list of restricted countries is available on their official website.
What leverage options does Crypto.com offer?
The exchange provides up to 10x leverage for margin trading on spot markets and up to 100x leverage for derivatives trading through perpetual and futures contracts, catering to different risk appetites and trading strategies.
How can users reduce trading fees on Crypto.com?
Users can lower fees through two primary methods: achieving higher trading volume tiers (which automatically reduce percentage fees) and staking CRO tokens to access additional fee discounts and benefits.
What makes Crypto.com different from other exchanges?
Crypto.com distinguishes itself through its comprehensive ecosystem that extends beyond trading, including crypto payment cards, DeFi services, NFT marketplace, and earning programs, creating an all-in-one platform for digital asset management.
Does Crypto.com have its own native token?
Yes, Crypto.com operates the Cronos (CRO) token, which powers their blockchain ecosystem and provides various utilities within the platform including staking rewards, fee reductions, and special access to products and services.
Conclusion
Crypto.com has evolved from a simple exchange into a comprehensive cryptocurrency ecosystem serving millions of users worldwide. With strong trading volumes, diverse supported assets, and an extensive product suite, it remains a competitive option for both new and experienced cryptocurrency enthusiasts. The platform's tiered fee structure and additional utilities through its native CRO token provide flexibility for different user needs, while its global presence (with some limitations) makes it accessible to a wide audience.