And now, a week after the announcement, the CRO price has doubled from $ 0.43 on Nov 17th to $ 0.76 on Nov 25th.
Meltem Demirors, Chief Strategy Officer CoinShares International Ltd Note on twitter:
“As a result of the PR, the CRO price doubled and market capitalization rose by $ 9 billion.”
Source: TradingView
Crypto.com is a Singapore-based crypto exchange founded in 2016 where you can use your Visa debit card to buy, sell, borrow, lend and spend crypto.
CRO is the exchange’s native token and holders benefit from reduced crypto purchase and sales fees, higher interest rates on token loans, lower interest rates on loans, and higher cashback in Visa.
Crypto.com is the 10th largest exchange by daily trading volume ($ 1.8 billion) and CRO is the 13th largest cryptocurrency by market capitalization ($ 21.3 billion) according to CoinMarketCap.
Crypto.com isn’t the only major exchange moving into the sports arena – FTX also had a partnership this year.
In June, the FTX exchange became the official crypto sponsor of Major League Baseball and also acquired the naming rights of the American Airlines Arena in Miami, renaming it the FTX Arena. And just last month, according to Forbes, the Binance exchange teamed up with the Italian football club SS Lazio.
Crypto.com also has previous partnerships with Formula 1, UFC, French football club Paris Saint Germain (PSG) and the NBA Philadelphia 76ers basketball team.
Cryptocurrencies are hugely popular, and major exchanges are investing in partnerships with the sports industry to increase their exposure to billions of global sports fans.
Given the surge in CRO prices, investors seem to appreciate the momentum towards mainstream partnerships.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Mr. Teacher
According to Cryptoslate
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Binance-linked HKVAEX crypto exchange announces permanent closure, urging users to withdraw assets by April 30,…
Beribit in Russia faces backlash as over 25,000 registered users demand access to funds amidst…
Crypto withdrawal a staggering sum of assets from Binance, sending shockwaves through the cryptocurrency community.
Recent data from L2BEAT sheds light on the current state of the Ethereum Layer 2…
xBankFinance, a prominent zkSync ecological lending platform, has come under scrutiny amid allegations of rug…
NFT transaction volume on the Ethereum chain surged to approximately US$69.42 million, marking a notable…
This website uses cookies.