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Crypto.com presents Prime and Cronos (CRO) records a +10% pump

Crypto.com has launched the new Prime program, which offers benefits such as an unsecured 1% deposit bonus. Prime is dedicated to high net worth traders, as the minimum deposit is 1 million dollars. 

Meanwhile, this week, Cronos (CRO) recorded a pump of +10% but it is still far from the levels of early December 2023. 

Crypto.com and the launch of the Prime program 

This week, the renowned Crypto.com platform has launched Prime: the program to build a generational wealth. 

“Introduction of http://Crypto.com Prime, designed for those building a generational wealth. Exclusive to high net worth traders, Prime offers: Unrestricted 1% deposit bonus; Institutional-level trading; Customized tax and succession services; Dedicated 24/7 support and much more. Currently by invitation only.”

In practice, Crypto.com Prime wants to give recognition to high net worth traders, to build wealth that lasts for generations.

Specifically, for members of the new program there are exclusive benefits at stake. 

On the official website, these advantages are listed and include 1% unlimited deposit bonus; near-zero trading fees; institutional-level trading and deep liquidity; $1 million account protection; unlimited fiat transfers; customized tax and succession services; dedicated relationship manager; Crypto.com Prime card and much more.

Currently, Crypto.com Prime is available in the United States, Canada, Singapore, United Kingdom, Brazil, Argentina, European Economic Area (EEA), and South Africa.

Not only that, in order to access the new program, a minimum deposit of 1 million dollars is required, as well as obtaining the invitation. 

Crypto.com Prime and the price performance of Cronos (CRO)

Regarding Crypto.com Prime, Kris Marszalek, CEO of Crypto.com, wanted to comment as follows:

“Prime will offer retail customers with a high net worth a product with advantages typically reserved for institutional traders. We have built a completely new trading flow that aggregates multiple order portfolios to offer hypercompetitive prices with commissions close to zero. We are also offering an unlimited 1% deposit bonus and in the near future we will add features such as margin trading for Prime users.”

It has already been a week since the announcement of Crypto.com Prime started circulating online, and, looking at the crypto market, it seems that investors have appreciated it.

And indeed, Cronos (CRO), the native crypto of Crypto.com, has recorded a +10% pump in the last seven days. At the time of writing, CRO is worth $0.09.

The 42nd crypto by market cap, however, has recorded a volume decrease in the last 24 hours, amounting to -30%. 

The Dubai VASP license and the CRO price of November 2023

Among the latest news from Crypto.com, we remember the latest license obtained by the crypto-exchange directly in Dubai, as a provider of virtual asset services (VASP).

This license gives a sense of expansion to the crypto-exchange that, like all others, cannot rely on US regulation in the crypto field. 

It was November 2023, and even after that announcement, CRO had recorded a price pump reaching a peak of $0.12. However, immediately after, CRO returned to $0.08.

Compared to that November, however, Cronos (CRO) seems to have dropped in the crypto ranking, despite its market cap increasing from 2.23 to 2.27 billion dollars. Today CRO is in 42nd place, while in November 2023, it was in 30th place.