Cronos

Crypto.com is a prominent player in the cryptocurrency sector, offering a comprehensive suite of financial services related to digital currencies. It facilitates the buying, selling, and storage of cryptocurrencies, while also enabling users to conduct transactions using these digital assets. The platform encompasses a variety of features including a mobile app, a trading exchange, a digital wallet, and a Visa card that integrates cryptocurrency payments into everyday purchases. A significant development for Crypto.com in 2023 includes being granted a Virtual Asset Service Provider license in Dubai, reflecting its expanding global presence​​​​.

Cronos is the underlying blockchain for the Crypto.com ecosystem, notable for its strategic advancements in 2023 that emphasize user experience and technological development. The blockchain is committed to enhancing its capabilities in decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming applications. Key initiatives include protocol and database scaling to handle more transactions and match the throughput of leading EVM-compatible chains, introducing Cronos Rollups for improved transaction throughput, and developing the Cronos Gravity Bridge for seamless ERC-20 transfers between Ethereum and Cronos. These developments are aimed at scaling the network and solidifying Cronos as a significant player in the Web3 community​​.