Crypto.com, a payment, trading and financial services company, has over 50 million users on its cryptocurrency app, which offers over 250 cryptocurrencies to buy and sell. Crypto.com’s native cryptocurrency, CRO, powers the Chronos chain, a decentralized open-source blockchain developed by Crypto.com. The company has launched up-down options, which feature a cap ceiling and floor to mitigate traders’ risks. Benefits include built-in protection, automatic profit-taking, and hedging. In the future, Crypto.com plans to expand the reach of the CRO platform to power other products and continue to scale its DeFi, NFTs, and metaverse applications.
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Crypto.com: The World’s Fastest Growing Cryptocurrency App with Over 50 Million Users
Introduction
Crypto.com has emerged as one of the top cryptocurrency apps with more than 50 million users across the globe. With Crypto.com, users can buy and sell over 250 different cryptocurrencies easily. In this article, we will delve into some major updates on Crypto.com and learn how to trade Up-Down Options directly on their app. We will also find out how to earn 25 free CRO tokens. In full disclosure, this video is sponsored content, and the author is an ambassador with Crypto.com and holds CRO tokens.
Crypto.com and the CRO Token
Crypto.com is a payment, trading, and financial services company that offers a variety of products to accelerate the adoption of cryptocurrency. The Chronos chain, which is a decentralized open-source blockchain developed by Crypto.com, serves as the vehicle that powers Crypto.com’s mobile app and payments. The CRO token is the native cryptocurrency of the Chronos chain, which Crypto.com launched in 2018 with the goal of putting cryptocurrency in every wallet. The company plans to expand the reach of the CRO platform to power its other products as well.
Up-Down Options on Crypto.com
Crypto.com has recently added a new product called Up-Down Options, which helps traders mitigate risks while trading cryptocurrency. Up-Down options have a cap, ceiling, and floor that define your risk and help you protect your investment. You can use Up-Down Options directly on the Crypto.com app, and it is available for US citizens too. This feature is especially useful for beginners as it offers a built-in protection system with clearly stated floor and ceiling prices. Crypto.com designed Up-Down Options to help you gain full price exposure to an asset while investing only a fraction of the price. There are several benefits to trading Up-Down Options, such as facilitating hedging for specific needs, gaining control over your risk, and trading with lower costs and fees.
How to Trade Up-Down Options on Crypto.com
To get started with Up-Down Options on Crypto.com, you should do your research first and select a cryptocurrency that you would like to trade. Afterward, choose your Up-Down Contract, which can allow you to go long by going up or short by going down. Pick the number of contracts you feel comfortable investing in and check the targets, stop losses, the price, the number of contracts, maximum profit, and maximum losses. There will also be a slippage tolerance as well as an exchange fee. Once you have everything sorted out, hit the “Review” button, and you’re all set! It would be best to remember that your maximum loss is defined as your entry cost, so choose your contracts wisely.
Massive News from Chronos’s Map for the Next 12 Months
Chronos is coming out of beta soon and is going to focus on protocol and database scaling, Chronos Roll-Ups, and more IBC Bridges. The company aims to scale its DeFi NFTs and metaverse applications massively and build a frictionless end-user access. Chronos has also built collaborative relationships with other chains and ecosystems, leveraging the best models for Ethereum Cosmos and contributing to Cosmos open-source projects. Chronos has already moved out of beta since September 22nd, 2022, and the block size has increased by over four times to 40 million, improving the scalability of the platform.
Conclusion
Crypto.com has emerged as one of the top cryptocurrency apps globally, with over 50 million users. They have recently launched Up-Down Options, which is a game-changer in the crypto trading world. As we look forward to the next 12 months, Chronos plans to focus on protocol and database scaling, scaling its DeFi NFTs and metaverse applications, and collaborating with other chains and ecosystems. To learn more about Up-Down Options or Crypto.com, visit their website or follow them on social media.
