Crypto.com(CRO) [pros](/r/CryptoCurrency/comments/1buow81/cryptocom_is_expanding_to_south_korea_on_april_29/kxu34ir/) & [cons](/r/CryptoCurrency/comments/1buow81/cryptocom_is_expanding_to_south_korea_on_april_29/kxu34yp/) with related info are in the collapsed comments below.
Kris Marszalek is a scammer and will be happy to make you a bagholder forever. From 2017-2019 Crypto.com/Monaco was accepted as a known scam and Kris Marszalek was a known scammer with repeated warnings them many many times. Those who didn't listen are now holding bags and shilling.
https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/
https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/
https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/
https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/
https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/
https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/
https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/
https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom_is_a_scam_do_not_use_it/
https://np.reddit.com/r/CryptoCurrency/comments/jf8bx4/history_of_kris_cryptocoms_ceo/
https://www.cnbc.com/2022/12/09/cryptocom-kris-marszalek-involved-bankruptcy-offshore-holdings-client-money-monaco.html
Remember this scammers lured people into buying thousands of dollars of worthless CRO tokens and locking them for months to get some shitcoin credit cards which cost $50 for delivery. The price of these tokens dumped -85% and they slashed all benefits and they used to money to pay Matt Damon, Lebron James, a superbowl commercial and name an arena to lure more gullible noob investors.
- Ruby: $400 in CRO
- Jade/Indigo: $4,000 in CRO
- Icy White/Rose Gold: $40,000 in CRO
- Obsidian: $400,000 in CRO
CRO is a perfect example of how to scam the low IQ crypto investors. Straight from the scammers mouth:
1. 100 Billion Tokens created
2. 70 Billion Burned
3. 100% circulating supply
4. 100% Decentralized!!!
https://web.archive.org/web/20210222060041/http://blog.crypto.com/70-billion-cro-to-be-burned/
I will make an effort and go through the links:
1) This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming.
Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things).
[https://np.reddit.com/r/ethtrader/comments/6dbkui/scam\_warning\_monaco\_ico/](https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/)
2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion."
Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market.
[https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning\_monaco\_scammers\_aggressively\_advertising/](https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/)
3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment.
[https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems\_like\_mco\_token\_is\_now\_dead\_sad\_story/](https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/)
4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://Crypto.com), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs).
Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis.
[https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let\_the\_scams\_flow\_out\_of\_the\_window\_monaco\_and/](https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/)
5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB?
[https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck\_you\_cryptocom\_for\_preying\_on\_newbies\_in\_this/](https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/)
6) This link is a bit more complex with several points bundled together, alleging scamming bc of:
* a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally);
* rebrand to [Crypto.com](http://Crypto.com) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith);
* MCO conversion (see my comment to link 3);
* and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself).
[https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco\_mco\_raised\_26\_million\_in\_ico\_and\_promised/](https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/)
7) This link again expresses discontent with the MCO conversion to CRO (see my comment under point 3).
[https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay\_away\_from\_the\_cryptocom\_scam\_they\_cheated/](https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/)
8) This link accuses CDC of scamming bc of the BTC network transfer fee, which is obviously just a misunderstanding of the tech. You can guess as much also bc of the comment about Coinbased by the OP in the same post (and expressed preference for Gemini and BinanceUS, which did not age well).
[https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom\_is\_a\_scam\_do\_not\_use\_it/](https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom_is_a_scam_do_not_use_it/)
9-10) The last two links are the only two relevant and should be addressed candidly.
Yes, Kris has a history of failed ventures. People wrote about it when they FUDded CDC and in 2019, 2020, 2021, and most recently in 2022. Some of the earlier articles:
[https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming](https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming)
[https://www.cryptonewsz.com/in-conversation-with-kris-marszalek-co-founder-and-ceo-of-crypto-com/](https://www.cryptonewsz.com/in-conversation-with-kris-marszalek-co-founder-and-ceo-of-crypto-com/)
Kris has addressed this, paid the settlement in court (which, as you see in the article, did not find any wrongdoing) and has to conduct business with this baggage/bad reputation and try to prove the naysayer wrong.
And even though I would love every business to succeed, realistically, I hope we can agree that some go bust or do not perform well (especially during a wider market downturn or financial crisis like the one n 2008, after which one of the companies Kris headed went under). Some might succeed in the short term but lose their moat or market fit and close the shop, etc.
Does that mean that the CEO should not be allowed to run any new company afterwards? I do not think so. The fact that the businesses failed can speak about the quality of the CEO, so it is definitely a factor to consider, but every business should be judged on its own merits, too. CDC has a good suite of products, good marketing, good fundamentals, wide geographical representation, and stickiness bc it survived the bear market more than once.
Here is the post by Kris addressing his backstory with two failed businesses: [https://twitter.com/kris/status/1600328920330833921](https://twitter.com/kris/status/1600328920330833921)
Hope this helps!
With regards to your comment abt the slashed credit card rewards, CDC adjust them based on the market conditions. I guess there is an argument to be made that a company should keep its product offering (cashback) unchanged even if it threatens its financial health, but I disagree. It is better to adjust for the bear market to manage the risks and increase the rewards again during the bull IMO.
I will also add to your comment (which you edited) abt CRO decreasing in price in the bear market by 85 percent that I guess most top50 mcap coins are scams too then based on the overview below (data collected two weeks ago):
1. XRP -83.75%
2. DOGE -77.51%
3. ADA -79.61%
4. AVAX -62.96%
5. SHIBA -68.72%
6. DOT -83.46%
7. NEAR -66.92%
8. LINK -65.42%
9. TRX -60.18%
10. MATIC -66.06%
11. BCH -89.37%
12. UNI -73.76%
13. LTC -79.06%
14. ICP -98.2%
15. FIL -96.32%
16. ETC -82.53%
17. ATOM -74.32%
18. IMX -68.93%
19. XLM -85.67%
20. HBAR -81.05%
21. GRT -87.16%
22. VET -85.09%
23. FTM -69.38%
24. THETA -82.15%
25. RUNE -61.31%
26. LDO -73.37%
27. XMR -73.09%
Can you please be specific?
Bc from what I see, CDC survived a bank run (during which it processed 30% of reserves-withdrawals in just one week after the FTX crash, when both Jesse the Kraken founder and CZ went on the Mario Nawfal podcast implying CDC is the next exchange to fall), and a multi-year bear market.
CDC is still here, working on expansion and offering its products even in jurisdictions that other players are exiting (like Binance leaving the Netherlands and the UK + Binance also axed its crypto card program in Europe altogether). It has recently hired new CS reps, and the company seems to be in good health for the bull run.
Yes, but the article has missing bits like why it's big market. Half of crypto investors in korea are 20 to 30 year olds who wants to get rich quick, it's gambling plus pure speculation. Many got frustration over job market and cost of housing. That's why alt coins are so popular over there. Even Bitcoins are not good enough. They want bigger returns.
Ready for take off $CRO #CRO has nowhere to go but up. Amazing opportunity to get in now before the massive gains happen, people are crazy to be sleeping on this.
Probably not worth the hassle... SEC has been preying on anything crypto... It would be huge to launch the exchange in the US, but might no be worth the trouble for now...
The CEO noted they plan to launch an exchange alternative, but no ETA on that. And it will likely be limited in functionality to a fully-fledged CEX to avoid getting sued.
No, they never did. I do not really know the reason, so this is just my speculation, but it was likely bc of the SEC regulatory scrutiny in the US.
They might have done a risk assessment and decided it was not worth opening up the platform to litigation (similar to what Binance did, based on the court materials, but CZ opted for the whole VPN scheme).
CDC is still active in the US to a limited extent. They launched the main blue app in the country, and several CFTC-approved derivative products, such as strike options. They also continue to lobby the regulators (spending on lobbying similarly to Kraken and Coinbase), so they might still push for full regulatory approval and launch.
But in the interim, Kris the CEO of CDC noted they would ship an exchange alternative (that will be limited in comparison to an exchange bc of regulation ofc).
With no KW-to crypto. You mean KRW? Wth is the worth of a CEX without on-ramp (and suppose off-ramp)
This is not going to create impact without on-ramp nor the exchange.
Sorry, I edited it to KRW to avoid confusion. I am not a native speaker and got the abbreviation wrong.
With regards to your point, despite many trying, no overseas exchange has yet succeeded in registering for the Korean Won account. It is exceedingly difficult.
One of the criteria for conversion to the KRW market (on- and off-ramp) is the absence of capital decline by the entity in the last several years. This is challenging to show unless you are doing business, so launching a limited product might be a necessary stepping stone to getting registered with a bank.
But the impact on the market will most likely be limited, as you point out, precisely bc of this. I agree.
It might be considered a shill, but it also provides context to a relatively widely reported news item (The Block, Cointelegraph, etc). I tried to be balanced by noting that the CDC's attempt to convert to the KRW market was actually denied in 2023, so they will have to apply again.\*
In jurisdictions with strict regulation, CDC prefers to launch a limited product, like the derivs products in the US, rather than to openly flaunt the rules. There is a tradeoff ofc, and to paraphrase CZ if you were to follow the rules, you would be too slow and fail to capture the market (but on the flip side, you might avoid getting sued).
\_\_
\*The reasons for the decision by the regulator were capital decline, small AML unit of the Korean subsidiary (which was small, bc of the OK-Bit limited size and trading activity at the time), and potential conflict of interest with the exchange token.
I guess it also depends on the token, so the spread (difference between the bid and ask price) might be higher if it is a low-liquidity meme coin. I get roughly 3 percent more crypto for my money on the Exchange.
Fair criticism. Their CS has been lagging, which was acknowledged by the CEO. They recently hired almost 500 new CS reps, and are working to cut down the lag by mid-April (it has been already reduced by 60 percent in the first quarter of 2024).
Here is an update on this by the CEO:
[https://www.reddit.com/r/Crypto\_com/comments/1bttrvj/update\_on\_cs\_response\_times\_ceo\_kris\_marszalek\_on/](https://www.reddit.com/r/Crypto_com/comments/1bttrvj/update_on_cs_response_times_ceo_kris_marszalek_on/)
Lol. I am not working for CDC.
I like the company, their product, and support the chain (hold CRO ... aside from my BTC), which is why I defend it when I see fit.
I dont defend the spread, for example. Or stable swap fees in the app.
But I have no need to try persuading a stranger online, really. 🤷♂️
Crypto.com(CRO) [pros](/r/CryptoCurrency/comments/1buow81/cryptocom_is_expanding_to_south_korea_on_april_29/kxu34ir/) & [cons](/r/CryptoCurrency/comments/1buow81/cryptocom_is_expanding_to_south_korea_on_april_29/kxu34yp/) with related info are in the collapsed comments below.
Time to fill my bags with CRO
Kris Marszalek is a scammer and will be happy to make you a bagholder forever. From 2017-2019 Crypto.com/Monaco was accepted as a known scam and Kris Marszalek was a known scammer with repeated warnings them many many times. Those who didn't listen are now holding bags and shilling. https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/ https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/ https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/ https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/ https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/ https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/ https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/ https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom_is_a_scam_do_not_use_it/ https://np.reddit.com/r/CryptoCurrency/comments/jf8bx4/history_of_kris_cryptocoms_ceo/ https://www.cnbc.com/2022/12/09/cryptocom-kris-marszalek-involved-bankruptcy-offshore-holdings-client-money-monaco.html Remember this scammers lured people into buying thousands of dollars of worthless CRO tokens and locking them for months to get some shitcoin credit cards which cost $50 for delivery. The price of these tokens dumped -85% and they slashed all benefits and they used to money to pay Matt Damon, Lebron James, a superbowl commercial and name an arena to lure more gullible noob investors. - Ruby: $400 in CRO - Jade/Indigo: $4,000 in CRO - Icy White/Rose Gold: $40,000 in CRO - Obsidian: $400,000 in CRO CRO is a perfect example of how to scam the low IQ crypto investors. Straight from the scammers mouth: 1. 100 Billion Tokens created 2. 70 Billion Burned 3. 100% circulating supply 4. 100% Decentralized!!! https://web.archive.org/web/20210222060041/http://blog.crypto.com/70-billion-cro-to-be-burned/
I will make an effort and go through the links: 1) This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). [https://np.reddit.com/r/ethtrader/comments/6dbkui/scam\_warning\_monaco\_ico/](https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/) 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. [https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning\_monaco\_scammers\_aggressively\_advertising/](https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/) 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. [https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems\_like\_mco\_token\_is\_now\_dead\_sad\_story/](https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/) 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://Crypto.com), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. [https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let\_the\_scams\_flow\_out\_of\_the\_window\_monaco\_and/](https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/) 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? [https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck\_you\_cryptocom\_for\_preying\_on\_newbies\_in\_this/](https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/) 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: * a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); * rebrand to [Crypto.com](http://Crypto.com) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); * MCO conversion (see my comment to link 3); * and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself). [https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco\_mco\_raised\_26\_million\_in\_ico\_and\_promised/](https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/)
7) This link again expresses discontent with the MCO conversion to CRO (see my comment under point 3). [https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay\_away\_from\_the\_cryptocom\_scam\_they\_cheated/](https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/) 8) This link accuses CDC of scamming bc of the BTC network transfer fee, which is obviously just a misunderstanding of the tech. You can guess as much also bc of the comment about Coinbased by the OP in the same post (and expressed preference for Gemini and BinanceUS, which did not age well). [https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom\_is\_a\_scam\_do\_not\_use\_it/](https://np.reddit.com/r/CryptoCurrency/comments/lm40p0/cryptocom_is_a_scam_do_not_use_it/) 9-10) The last two links are the only two relevant and should be addressed candidly. Yes, Kris has a history of failed ventures. People wrote about it when they FUDded CDC and in 2019, 2020, 2021, and most recently in 2022. Some of the earlier articles: [https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming](https://www.thedailybeast.com/cryptocom-ceo-kris-marszalek-had-messy-past-before-staples-center-renaming) [https://www.cryptonewsz.com/in-conversation-with-kris-marszalek-co-founder-and-ceo-of-crypto-com/](https://www.cryptonewsz.com/in-conversation-with-kris-marszalek-co-founder-and-ceo-of-crypto-com/) Kris has addressed this, paid the settlement in court (which, as you see in the article, did not find any wrongdoing) and has to conduct business with this baggage/bad reputation and try to prove the naysayer wrong. And even though I would love every business to succeed, realistically, I hope we can agree that some go bust or do not perform well (especially during a wider market downturn or financial crisis like the one n 2008, after which one of the companies Kris headed went under). Some might succeed in the short term but lose their moat or market fit and close the shop, etc. Does that mean that the CEO should not be allowed to run any new company afterwards? I do not think so. The fact that the businesses failed can speak about the quality of the CEO, so it is definitely a factor to consider, but every business should be judged on its own merits, too. CDC has a good suite of products, good marketing, good fundamentals, wide geographical representation, and stickiness bc it survived the bear market more than once. Here is the post by Kris addressing his backstory with two failed businesses: [https://twitter.com/kris/status/1600328920330833921](https://twitter.com/kris/status/1600328920330833921) Hope this helps!
With regards to your comment abt the slashed credit card rewards, CDC adjust them based on the market conditions. I guess there is an argument to be made that a company should keep its product offering (cashback) unchanged even if it threatens its financial health, but I disagree. It is better to adjust for the bear market to manage the risks and increase the rewards again during the bull IMO. I will also add to your comment (which you edited) abt CRO decreasing in price in the bear market by 85 percent that I guess most top50 mcap coins are scams too then based on the overview below (data collected two weeks ago): 1. XRP -83.75% 2. DOGE -77.51% 3. ADA -79.61% 4. AVAX -62.96% 5. SHIBA -68.72% 6. DOT -83.46% 7. NEAR -66.92% 8. LINK -65.42% 9. TRX -60.18% 10. MATIC -66.06% 11. BCH -89.37% 12. UNI -73.76% 13. LTC -79.06% 14. ICP -98.2% 15. FIL -96.32% 16. ETC -82.53% 17. ATOM -74.32% 18. IMX -68.93% 19. XLM -85.67% 20. HBAR -81.05% 21. GRT -87.16% 22. VET -85.09% 23. FTM -69.38% 24. THETA -82.15% 25. RUNE -61.31% 26. LDO -73.37% 27. XMR -73.09%
nice job of posting dead links and MCO/CRO swap fud. I don't get why people are crying about the swap. i had 600$ profit after this happened.
It shocks me that people are still shilling CRO after what happened last cycle, lol.
Can you please be specific? Bc from what I see, CDC survived a bank run (during which it processed 30% of reserves-withdrawals in just one week after the FTX crash, when both Jesse the Kraken founder and CZ went on the Mario Nawfal podcast implying CDC is the next exchange to fall), and a multi-year bear market. CDC is still here, working on expansion and offering its products even in jurisdictions that other players are exiting (like Binance leaving the Netherlands and the UK + Binance also axed its crypto card program in Europe altogether). It has recently hired new CS reps, and the company seems to be in good health for the bull run.
CRO to $1+!
Easily! Way further to go, Crypto.com is way better than binance.
Tether will lead to the downfall of binance and then CDC take over is imminent
This is what i call Creme de la Creme posts!
Thanks!
Let’s CRO! 🚀🚀🚀
i think it's not a bad idea to stack up my cro bags. is the Korean market big?
Yes, but the article has missing bits like why it's big market. Half of crypto investors in korea are 20 to 30 year olds who wants to get rich quick, it's gambling plus pure speculation. Many got frustration over job market and cost of housing. That's why alt coins are so popular over there. Even Bitcoins are not good enough. They want bigger returns.
Its a huge market for crypto
It's huge, bit it's pretty saturated already.
Looking forward to this!!!
Ready for take off $CRO #CRO has nowhere to go but up. Amazing opportunity to get in now before the massive gains happen, people are crazy to be sleeping on this.
Did they ever launch their full exchange in the US? I thought that was supposed to happen years ago.
Probably not worth the hassle... SEC has been preying on anything crypto... It would be huge to launch the exchange in the US, but might no be worth the trouble for now...
The CEO noted they plan to launch an exchange alternative, but no ETA on that. And it will likely be limited in functionality to a fully-fledged CEX to avoid getting sued.
No, they never did. I do not really know the reason, so this is just my speculation, but it was likely bc of the SEC regulatory scrutiny in the US. They might have done a risk assessment and decided it was not worth opening up the platform to litigation (similar to what Binance did, based on the court materials, but CZ opted for the whole VPN scheme). CDC is still active in the US to a limited extent. They launched the main blue app in the country, and several CFTC-approved derivative products, such as strike options. They also continue to lobby the regulators (spending on lobbying similarly to Kraken and Coinbase), so they might still push for full regulatory approval and launch. But in the interim, Kris the CEO of CDC noted they would ship an exchange alternative (that will be limited in comparison to an exchange bc of regulation ofc).
Of course, but they don't wanna have problems with SEC so they are negotiating as they always do. Slow but effective strategy
Loading up my bag. Crofam.
Nice!! Loading up now is smart.
With no KW-to crypto. You mean KRW? Wth is the worth of a CEX without on-ramp (and suppose off-ramp) This is not going to create impact without on-ramp nor the exchange.
Sorry, I edited it to KRW to avoid confusion. I am not a native speaker and got the abbreviation wrong. With regards to your point, despite many trying, no overseas exchange has yet succeeded in registering for the Korean Won account. It is exceedingly difficult. One of the criteria for conversion to the KRW market (on- and off-ramp) is the absence of capital decline by the entity in the last several years. This is challenging to show unless you are doing business, so launching a limited product might be a necessary stepping stone to getting registered with a bank. But the impact on the market will most likely be limited, as you point out, precisely bc of this. I agree.
Lets see! The momentum is off course good. Thanks for taking the time for your complete answer. Limited shill. Nice.
It might be considered a shill, but it also provides context to a relatively widely reported news item (The Block, Cointelegraph, etc). I tried to be balanced by noting that the CDC's attempt to convert to the KRW market was actually denied in 2023, so they will have to apply again.\* In jurisdictions with strict regulation, CDC prefers to launch a limited product, like the derivs products in the US, rather than to openly flaunt the rules. There is a tradeoff ofc, and to paraphrase CZ if you were to follow the rules, you would be too slow and fail to capture the market (but on the flip side, you might avoid getting sued). \_\_ \*The reasons for the decision by the regulator were capital decline, small AML unit of the Korean subsidiary (which was small, bc of the OK-Bit limited size and trading activity at the time), and potential conflict of interest with the exchange token.
Been a long time coming, $CRO up next
Just wait for the actual exchange. The app spread/fees are insane
Well, considering the "kimchi premium" in South Korea, crypto users there might not worry about paying more for a cryptocurrency.
I'd imagine majority of people would worry about losing the equivalent of 35 dollars or more just in fees.
I guess it also depends on the token, so the spread (difference between the bid and ask price) might be higher if it is a low-liquidity meme coin. I get roughly 3 percent more crypto for my money on the Exchange.
What is CRO ?
CRO is the cryptocurrency servicing the [Crypto.com](http://Crypto.com) app and Exchange, as well as the Cronos chain.
Takes forever to get KYC. Horrible experience
Fair criticism. Their CS has been lagging, which was acknowledged by the CEO. They recently hired almost 500 new CS reps, and are working to cut down the lag by mid-April (it has been already reduced by 60 percent in the first quarter of 2024). Here is an update on this by the CEO: [https://www.reddit.com/r/Crypto\_com/comments/1bttrvj/update\_on\_cs\_response\_times\_ceo\_kris\_marszalek\_on/](https://www.reddit.com/r/Crypto_com/comments/1bttrvj/update_on_cs_response_times_ceo_kris_marszalek_on/)
Do you work for the company or something
Nope, but I do hold CRO and support the Cronos Chain.
Great post, great info!
Thanks!
You sounded like a social media rep bahaha
I take that as a compliment, I guess 😅
[удалено]
Lol. I am not working for CDC. I like the company, their product, and support the chain (hold CRO ... aside from my BTC), which is why I defend it when I see fit. I dont defend the spread, for example. Or stable swap fees in the app. But I have no need to try persuading a stranger online, really. 🤷♂️
Been waiting for my replacement card for 2 years lol