Last updated:--
View ChartCronos (CRO) is the native cryptocurrency token of Cronos Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company. Cronos Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app. In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.
CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions. CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Cronos Chain. Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users. When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO. Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card. Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities.
Cronos Chain, an Ethereum-compatible blockchain, was recently launched to run in parallel to Crypto.org blockchain. Its mainnet beta went live on Nov. 8, 2021, and is built on the Cosmos SDK, utilizing a proof-of-authority (PoA) consensus mechanism. Ethereum Virtual Machine (EVM) compatibility means that the thousands of DApps built on Ethereum can be ported on to the Cronos Chain. Furthermore, it also supports the Inter Blockchain Communications (IBC) protocol, which allows it to bridge to the Cosmos ecosystem of DApps. CRO’s growth in total value locked (TVL) has skyrocketed, reaching a high of over $2 billion in less than 3 months. This could be partly attributed to the Particle B $100 million CRO EVM fund, which incentivizes developers to build on Cronos. CRO token prices also rallied by over 350% since the launch, reaching a high of $0.96. A bridge between Ethereum and Cosmos is expected to come in the near future.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Cronos products that suit your trading style
Zero slippage, ultra-fast matching, supports large spot transactions seamlessly, ideal for long-term asset allocation and spot accumulation.
TradeIndustry-low fees, supports up to 50x leverage. Go long or short flexibly to capture intraday market movements.
Trade| Criterion | CRO (Cronos / Crypto.com) | BNB (BNB Chain / Binance) | OKB (X Layer / OKX) |
|---|---|---|---|
| Main Purpose | Payments, Visa Card perks & EVM Gas | Largest exchange ecosystem & DeFi | OKX platform perks & Layer 2 Gas |
| Network Architecture | Cronos (EVM) + Cronos POS (Cosmos) | BNB Smart Chain (BSC) + opBNB | X Layer (Polygon CDK L2) |
| Compliance & Usage | US/EU licensed, popular Visa Card | Global presence, Launchpool farming | Compliance focus, buyback & burn mechanism |
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.