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Cryptocurrency News Articles

Crypto.com to Launch Cronos (CRO) ETF and Stablecoin as Part of Ambitious 2025 Roadmap

Feb 05, 2025 at 03:36 pm

Crypto.com is set to launch an exchange-traded fund (ETF) for its native token, Cronos (CRO), while planning its own stablecoin.

Crypto.com to Launch Cronos (CRO) ETF and Stablecoin as Part of Ambitious 2025 Roadmap

Crypto.com is preparing to launch an exchange-traded fund (ETF) for its native token, Cronos (CRO), and is also planning to launch its own stablecoin.

In its 2025 roadmap, Crypto.com announced that it will launch the Cronos ETF and hopes to launch its stablecoin by Q3. The CRO ETF is expected to launch in Q4.

Details about the ETF are still limited, but a regulated Cronos ETF could significantly enhance the legitimacy of CRO by enabling investors to gain exposure to the token without directly holding the asset.

Ahead of the ETF filing, Crypto.com is significantly expanding its offerings.

In Q1, Crypto.com will begin listing stocks, stock options, and ETFs.

Furthermore, Crypto.com is introducing new banking features, including personal multicurrency accounts and cash savings accounts.

While Crypto.com has not disclosed specific details about its upcoming stablecoin, a spokesperson stated that it aligns with their broader mission to “[enhance] all aspects of user experience,” including offering “the broadest range of financial investment services.”

“We have already delivered five of the six planned products laid out in our Q1 roadmap. On top of that, we launched our institutional custody services ahead of schedule,” the spokesperson added.

Stablecoin issuer Tether Holdings, which faced scrutiny during the confirmation hearing for Donald Trump's nominee to lead the Commerce Department, announced record-breaking profits of $13 billion.

Tether's profits have the potential to surpass those of the largest Wall Street investment banks, which include Goldman Sachs, that reported net income of $14.3 billion in 2024 with sales of $53.5 billion.

Meanwhile, David Sacks, the newly appointed White House AI and crypto czar, expressed his belief that a well-regulated stablecoin market could generate trillions of dollars in demand for the dollar and contribute to lower long-term interest rates by bolstering its dominance in digital finance.

"This is an area that has already taken off, mostly offshore. We want to bring that innovation onshore and enable legislation to allow the issuance of stablecoins in the United States," Sacks said.

"And I think the power of stablecoins is that it could extend the dollar's dominance internationally, extend it online digitally, and create potentially trillions of dollars of new demand for our US Treasties, which could help support our debt and help bring down long-term interest rates."

In related news, Crypto.com received a full Markets in Crypto Assets (MiCA) license to operate within the EU last month. This license enables Crypto.com to offer its wide range of crypto services throughout the EEA under a streamlined and robust framework, enhancing transparency within the sector.

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Other articles published on Feb 05, 2025