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Cryptocurrency News Articles

Crypto.com Exchange to File for CRO Spot ETF and Launch Stablecoin in 2025

Feb 06, 2025 at 05:00 pm

@Cryptocom plans to file for a Cronos ($CRO) spot ETF in the fourth quarter of 2025 and launch its own Crypto(.)com stablecoin by the third quarter.

Crypto.com Exchange to File for CRO Spot ETF and Launch Stablecoin in 2025

Crypto.com, a major cryptocurrency exchange, has announced its plans for 2025, which include filing for a spot exchange-traded fund (ETF) for its Cronos (CRO) token and launching a stablecoin.

The exchange will be seeking approval from the U.S. Securities and Exchange Commission (SEC) for the CRO ETF, which will be filed in the fourth quarter of 2025. The ETF will provide investors with a convenient way to gain exposure to CRO in the stock market.

“We're excited to announce our plans for a Cronos (CRO) spot ETF filing in Q4 2025,” Crypto.com said in a statement shared with CoinDesk. “This effort is designed to bolster the exchange's CRO holdings and enhance the institutional adoption and liquidity of CRO in the market.”

Crypto.com will also be expanding its offerings beyond crypto trading in 2025. The exchange will be adding the ability to trade stocks, options and ETFs on its platform in the first quarter of 2025. This will allow Crypto.com users to diversify their portfolios in a more traditional manner.

“Following the first U.S. approval of a spot Bitcoin ETF in early 2024, the industry saw a wave of crypto-based ETFs, which will continue to gain momentum,” the exchange said. “Should it succeed, the CRO ETF will not only be a vehicle for profiting off of crypto but also a bridge for digital assets to cross into traditional financial portfolios.”

In addition to the ETF and stablecoin, Crypto.com will also be offering several new banking features, including personal multi-currency accounts and cash savings accounts. These services will give Crypto.com users even more flexibility to manage their assets—both fiat and crypto—in one place.

“In H1 2025, Crypto.com will expand its offerings with traditional financial products, including trading in stocks and ETFs, as well as a range of banking services,” the exchange stated. “This will culminate in an 'all-in-one' platform for users' financial needs.”

With these new services, Crypto.com is positioning itself as a financial hub that combines the benefits of decentralized finance (DeFi) with traditional banking services to create a user-friendly experience.

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Other articles published on Feb 06, 2025