US-based cryptocurrency exchange, Bittrex has listed Crypto.com Chain (CRO) on its exchange platform since 8th March 2019. The CRO chain trading and transactions are now live on Bittrex.
Bittrex International, earlier known as Bittrex, is one of the oldest and most popular online cryptocurrency exchange portal based out of US. The exchange has enabled FIAT deposits and includes USD, Bitcoin (BTC), Ethereum ((ETH) and USDT (USD Tether) markets.
The influx of fresh volume on a comparatively smaller capped cryptocurrency like Crypto.com chain (CRO) often boost the price of a cryptocurrency. The price of CRO token has increased by almost 60% in the past 24 hours. At the time of launch, Bittrex reports orders executed for 0.00003000 BTC. However, the average gain in 24 hour period as reported on coinmarketcap is 58% at 0.00000530 BTC.
Utility of Crypto.com Chain
Found in 2016, Crypto.com aims to accelerate the adoption of cryptocurrencies. It acts as a bridge between FIAT and Cryptocurrency payments. Merchants who opt to accept cryptocurrency through the App can get credited in any FIAT currency of their choice. The users have the liberty to spend cryptocurrencies and also earn loyalty and transaction rewards offered by crypto.com.
Kris Marszalek, Co-Founder and CEO of Crypto.com said, “The Crypto.com Pay SDK has shipped and we will open the platform to our 400,000 users next week. The CRO token serves as a cross-currency settlement instrument for our native blockchain. Further listings of the token will increase liquidity necessary to support transaction volumes and settlement for our growing list of merchants.”
Crypto.com, formally known as Monaco (MCO), was rebranded in 2017. The other product of the firm include MCO VISA cards; these cards can be used to make payments at VISA enabled POS (Point of Sale) devices throughout the world. MCO VISA card will soon start shipping in the US and Europe.
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com