Buy CAKE at true cost with USD, EUR, GBP and 20+ fiat currencies
PancakeSwap (CAKE) is listed in the Crypto.com App, and joins the growing list of 100+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Crypto.com Coin (CRO).
PancakeSwap is a decentralised exchange running on Binance Smart Chain. It uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE. Users can stake CAKE tokens to receive SYRUP, which will have further functionality as governance tokens (and as tickets in a lotteries).
Crypto.com App users can now purchase CAKE at true cost with USD, EUR, GBP and 20+ fiat currencies, and spend it at nearly 70M merchants globally using the Crypto.com Visa Card.