Crypto.com’s Cronos ETF and stablecoin launch on the horizon

Crypto.com, an Crypto exchange based in Singapore operating on a global scale, has unveiled plans to file an ETF Cronos and launch a stable owner stable.

As part of his Roadmap for 2025Crypto.com plans to file the launch of an ETF focused on its native Cronos Token (Cro). The company plans to deposit the FNB in ​​the fourth quarter of the year, although more details on the deposit process were not yet disclosed.

To put this development to come in perspective, Crypto.com is only one of the many companies in the running for the launch of Crypto ETF. Several asset managers have recently made requests to regulators to launch ETF targeting Solana (GROUND) and undulation (Xrp). In addition, Grayscale Investments launched a DOGECOIN TRUST While Tuttle Capital Management has laid To launch 10 ETFs with lightness 2x.

In addition to the launch of CRO ETF, another important step for Crypto.com in 2025 is the launch of its own stablecoin in the third quarter. However, the details concerning the underlying fiduciary currency of the stablecoin and other details remain uncertain at the moment.

Beyond the launch of Cro Etf and Stablecoin, the Singapore Exchange Crypto also widens its range of financial services. The scholarship also intends to list the shares and the purchase options of shares in the first quarter of 2025, extending its offers beyond the crypto. He also works for the introduction of new banking features, including personal accounts and cash savings accounts.

The expansion of crypto.com is not limited to its service offers. The company also focuses on increasing its regulatory compliance. A little over a week ago on January 27, the Malte Division of Crypto.com got the first Mica license of the Malta Financial Services Authority.

While the ambitious plans of Crypto.com draw attention, the CRO token was in lowering territory, with its price down almost 37% in last month, according to Coinmarkecap. CRO is currently negotiating at around $ 0.10, showing a slight intrajournation loss of 3.25%.