February was a remarkable month for us—we crossed the 10 million user milestone, only 4 months after reaching 5 million users! Given the accelerating pace of growth, we moved our 100m user base target to 2023 — two years ahead of our original schedule.

This month, the Crossfire Mainnet Dry-Run came to an end, and we announced the burning of 70 billion CRO—the largest token burn in history—ahead of the official Crypto.org Chain launch on 25 March. We are now aggressively pursuing full decentralisation of the Chain network, paving the way for the development of payment solutions, DeFi products, and NFTs.

Crypto.org Chain is perfectly positioned to capture growth in these areas with full decentralization, high speed, fast finality and very low fees. Validators running nodes on the network following the March 25th launch will earn an estimated 20% APY. Millions of individual issuers will be able to enjoy the same benefit by single-tap delegation via the Crypto.com DeFi Wallet app.

February also saw a major product release, more than a year in the making: Crypto.com Derivatives launched on a completely new technology stack, with 2.7m transactions per second matching engine and ultra low core latency of 50 microseconds. Trading began with the BTCUSD Perpetual contract, with more markets coming soon. Read on for details about these updates and more.

Highlights:

Crypto.com Crosses 10 Million User Milestone

10 million users! This milestone comes only 4 months after we reached the 5 million user mark, highlighting tremendous momentum for our company and the entire cryptocurrency industry. Learn more about this achievement and our future plans here.

70 billion CRO to Be Burned

With the CRO Chain Mainnet launch just around the corner, we are working to fully decentralise the Chain network. The largest token burn in history begins today, where 70 billion CRO will be burned. Learn more here.

CRO Mainnet Launching on 25 March 2021 as Crypto.org Chain

It’s official! The Mainnet launch date is set for 25 March 2021. It will launch as the Crypto.org Chain with Crypto.org Coin (CRO) as the native currency. Read about it here.

CRO Mainnet Staking Rewards Set at 20% p.a.

The target CRO Staking rewards for the Crypto.org Chain will be set at around 20% p.a. for active network participants at launch on 25 March 2021. More details here.

Derivatives Trading Now Live on the Exchange

Derivatives trading is now live on the Exchange, with the BTCUSD Perpetual contract of up to 50x leverage. Users can enjoy discounted trading fees based on the amount of CRO they stake on the Exchange. Read about it here.

Anti-Phishing Code for App Users Launched

Users can set up a personalised and recognisable code that will be displayed in all legitimate emails from Crypto.com. Exchange users who already set up an Anti-Phishing Code can use the same code for their App emails. Protect your account with an added level of security now.

Tesla Bitcoin Lucky Draw - Win a Brand New Tesla Model S, Model 3, Model X, or Model Y

We’re giving away 4 Tesla cars, valued at over USD 250,000, for our Tesla Bitcoin Lucky Draw! App users who trade BTC between now and 8 March have the chance to win a brand new Tesla Model S, Model X, Model Y, or Model 3. See how to participate here.

CEO Kris Marszalek Ranked #9 on Cointelegraph's Top 100 Notable People in Blockchain

Congratulations to our CEO Kris Marszalek for being ranked #9 on Cointelegraph's Top 100 Notable People in Blockchain! Read the full feature here.

Now on Supercharger: Dogecoin (DOGE)

DOGE is now listed on Supercharger. Learn more about the event here.

Crossfire, the Crypto.com Mainnet Dry-Run Event Highlights

The Crypto.com Mainnet Dry-Run, Crossfire, successfully concluded with validators completing more than 275 million transactions. Crossfire's aim was to stress test the network in a practical, real-world setting before public release, and marked the final step in preparation for our Mainnet launch. View details here.

Crossfire Mainnet Dry-Run Results

Participating validators of the Mainnet Dry-Run had the opportunity to compete and win USD 300,000 of CRO for completing tasks. View details here.

Crypto.com App Updates:

New Listings on the App

We added Balancer (BAL), Stacks (STX), UMA (UMA), Flow (FLOW), VeThor Token (VTHO), and Avalanche (AVAX) to a growing list of 80+ cryptocurrencies and stablecoins! Buy crypto at true cost now.

New Deposit and Withdrawal Tokens

Waves (WAVES), Balancer (BAL), Dogecoin (DOGE), UMAs (UMA), Sandbox (SAND) deposits and withdrawals are now supported in the App.

20 New USDC Trading Pairs

New USDC trading pairs are now available in the App. Trade USDC with WBTC, COMP, ICX, CRV, KSM, BAND, UNI, SNX, WAVES, OMG, THETA, XTZ, BAT, ENJ, MANA, MKR, KNC, MATIC, CHZ, SKL, along with 12+ other pairs now.

AVAX Exclusive Campaign

Following the listing of Avalanche (AVAX), we launched the AVAX Exclusive Campaign to our App users and AVAX traders, with a total of USD 40,000 in AVAX to be won. View details here.

Crypto.com DeFi Updates:

New Integrations on DeFi Earn

DeFi Earn is integrated with Yearn Earn V2 and Cosmos Staking, in addition to Compound Staking (requires DeFi Wallet V1.7.0 or above). Users can now earn interest on 12 tokens, including ATOM, BAT, COMP, DAI, ETH, UNI, USDC, USDT, WBTC, ZRX, SUSD, and TUSD.

Enjin (ENJ) Now on DeFi Swap

Users can swap ENJ, earn fees by becoming ENJ Liquidity Providers (LPs), and boost their yield by up to 20x when staking CRO. Learn more here.

Crypto.com Exchange Updates:

New Lending Loan Currencies

Users can now secure BTC, ETH, XRP, and LINK loans by borrowing against their crypto, and access a loan-to-value (LTV) ratio of up to 50%.

New Lending Collaterals

Users can now borrow against their crypto with a loan-to-value (LTV) ratio of up to 50% by depositing DOT, XRP, USDT, or USDC as collateral. View more details here.

New Listings on the Exchange

We listed Balancer (BAL), Dogecoin (DOGE), UMA (UMA), Sandbox (SAND)! Trade them in USDT and CRO pairs now.

New BTC Trading Pairs

We listed the DOGE/BTC and DOT/BTC trading pairs! Trade them in USDT, BTC, and CRO pairs now.

Crypto.com Credit Updates:

Crypto Credit Now Supports DOT and XTZ

Users can now deposit DOT and XTZ as collateral on Crypto Credit, and instantly secure a loan at a 50% loan-to-value (LTV) ratio. More details here.

Crypto.com Pay Updates:

Crypto.com Pay Gift Card Launched in South Korea

Users in South Korea can now use crypto to buy gift cards from popular brands like Starbucks, Domino’s Pizza, Lotteria, and BHC Chicken, and get up to 10% back by paying with CRO. Learn more about it here.

Crypto.com Pay Now Supports 17 DeFi Tokens

Through its integration with DeFi Swap, Crypto.com Pay now accepts 17 DeFi tokens and brings additional utility to our DeFi offering, namely by enhancing Swap-Fee Sharing benefits for DeFi Swap Liquidity Providers (LPs) with each Pay transaction. View details here.

Crypto.com Card Updates:

Crypto.com Visa Card Staking Requirements to be Expressed in Local Currencies

CRO Staking Rates will be updated for the Crypto.com Visa Card, effective 19 March 2021. We are implementing this change to maintain consistent card staking requirements for users during times of market volatility. View details here.

Community Updates:

AMA with our CEO Kris Marszalek

We hosted a live AMA with our CEO Kris Marszalek on 25 February to answer users’ questions about the 70 billion CRO burn, CRO Mainnet Launch, and the Crypto.org Chain. Missed it? Watch it here.

Crypto.com Accredited and Featured on 3 Protocols’ Official Websites

Crypto.com is accredited and featured on the official websites of Stacks, Ethereum, and Ren.

AMA with Theta

We hosted a live AMA with Wes Levitt, Head of Strategy at Theta, on 2 February to discuss and answer viewers’ questions about the project. Missed it? Watch it here.

AMA with Waves

We hosted a live AMA with Sten Laureyssens, Strategic Advisor of Waves Protocol, on 4 February to discuss and answer viewers’ questions about the project. Missed it? Watch it here.

AMA with Alchemy

We hosted a live AMA with Nikil Viswanathan, Co-founder and CEO of Alchemy, on 9 February to discuss and answer viewers’ questions about the project. Missed it? Watch it here.

AMA with Matic Network

We hosted a live AMA with Sandeep Nailwal, Co-founder and COO of Matic Network, on 11 February to discuss and answer viewers’ questions about the project. Missed it? Watch it here.

AMA with Skale

We hosted a live AMA with Jack O'Holleran, Co-Founder and CEO of Skale Network, on 18 February to discuss and answer viewers’ questions about the project. Missed it? Watch it here.

AMA with Celer Network

We hosted a live AMA with Mo Dong, Co-founder of Celer Network, on 23 February to discuss and answer viewers’ questions about the project. Missed it? Watch it here.

AMA with ANKR

We hosted a live AMA with Chandler Song, Co-founder and CEO or Ankr, on 25 February to discuss and answer viewers’ questions about the project. Missed it? Watch it here.

Crypto.com Supported the Cosmos Hub Upgrade

We supported the Cosmos Hub Upgrade on 18 February.

Events of the Month

Year of the Ox Promotions

We celebrated Year of the Ox by allowing users to send crypto Red Envelopes to their loved ones using the Pay Your Friends feature in the Crypto.com App. View details here.

DOGE Treats Promotion

We launched the DOGE Treats Promotion campaign to welcome new App users and DOGE fans, with a total prize pool of USD 50,000 in DOGE. View the promotion here.

Near Protocol (NEAR) Listed on Supercharger

NEAR was listed on Supercharger with a USD 250,000 allocation. View details of the event here.

Filecoin (FIL) Listed on The Syndicate

FIL was listed on The Syndicate at 50% off, and the event was a success: 43.1 times oversubscribed, 7,000 FIL allocated, and 31.1 million CRO contributed by 1,964 users with 120.87% APY.

Enjoy Bonus Yield as a CRV Liquidity Provider

We offered a bonus yield of USD 10,000 in CRV to Liquidity Providers for providing CRV liquidity on DeFi Swap. More details here.

Margin Trading Race Phase 2 Results

Congratulations to all the winners of our Margin Trading Race Phase 2! Check out the top 10 winners here.

News:

Articles

  • Altcoin Buzz

Crypto.com (CRO) Launches a Powerful Derivatives Exchange

Four Tesla Cars up for Grab on Crypto.com

  • AMB Crypto

Global crypto population surpasses 100 million; Boomers and Gen X now ‘keen on Bitcoin’

  • Benzinga

Why Crypto.com Coin Skyrocketed Today

Global Crypto Adoption Crosses 100M Users: Report

  • BitcoinExchangeGuide

Crypto.com Plans to Burn 70 Billion CRO Tokens In Run-up to Network Launch

  • BNN Bloomberg

Bitcoin craze fuels foreign crypto trading app downloads in Canada

  • Business Insider

The estimated number of global crypto users has passed 100 million - and boomers are now getting drawn to bitcoin too, reports find

  • Chain Bulletin

Crypto.com Sets Mainnet Launch Date, Burns 70 Billion CRO Tokens

  • CrowdFund Insider

Crypto.com Exchange Lending Announces BTC as a Loan Currency

  • Cointelegraph

Total estimated crypto users worldwide tops 100 million, survey finds

  • CoinDesk

Crypto.com to Burn 70B CRO Tokens Ahead of Full Blockchain Launch Next Month

  • CoinMarketCap

Crypto.com burns $10 billion worth of CRO ahead of mainnet launch

Crypto.com Burns 70B of Its Native Token, Sets to Launch its Mainnet

  • CoinJournal

Crypto.com sets new monthly highs in trading volume and revenue

  • CryptoVantage

CRO Price Spikes as Crypto.com Announces Biggest Token Burn Ever

  • CryptoVibes

Total Number Of Crypto Users Globally Surpasses 100 Million – Survey Finds

  • Crypto Briefing

Crypto.com Hits 10 Million Users, Chain Launch Imminent

70 Billion CRO Burned Ahead of Crypto.org Chain Launch, Price Soars 70%

  • CryptoNews

Crypto.com Aiming to Hit 100 million User Target by 2023 as CRO Surges

Crypto.com's CRO Doubles On Sudden Massive Burn News

  • Crypto Headlines

Crypto.com Hits 10 Million Users, Chain Launch Imminent

  • CryptoSlate

Crypto.com burns $10 billion worth of CRO ahead of mainnet launch

  • Decrypt

There Are Now 106 Million Cryptocurrency Users Globally: Report

  • Fintech Zoom

Bitcoin price – Why Crypto.com Coin Skyrocketed Today

  • Finance Magnates

Crypto Innovation Follows on the Heels of Recent Surge, Here’s What’s Going On

  • Investing.com

Crypto.com Begins 70B CRO Burn: Mainnet to Launch on March 25

  • Investing Cube

Crypto.com Coin Price Prediction: What Next for the CRO Price?

  • Invezz.com

Crypto.com Coin (CRO) surges 70% on massive token burn announcement

  • MobileAppDaily

Crypto.com App - Buy, Sell and Pay with Crypto

  • SecureBitcoinNews.com

Crypto.com Hits 10 Million Users, Chain Launch Imminent

  • The Chain Bulletin

Crypto.com Passes 10 Million Users Mark

  • TechCentry

Crypto.com burns $10 billion worth of CRO ahead of mainnet launch

  • Yahoo! Finance

Global Crypto Adoption Crosses 100M Users: Report

  • CCTV News (KR)

크립토닷컴, 파생상품 거래 출시 발표

크립토닷컴, 700억 개 CRO 토큰 소각한다

  • DeNews (KR)

크립토닷컴, 파생상품 거래소 출시

크립토닷컴, 메인넷 출시 앞서 700억 CRO 토큰 소각

  • HKB News (KR)

크립토닷컴, 거래소 내 파생상품 거래 게시

크립토닷컴, 700억 CRO 토큰 소각

  • Naver (KR)

크립토닷컴, 거래소 내 파생상품 출시
크립토닷컴, 파생상품 거래소 출시

크립토닷컴, 메인넷 출시 전 700억 CRO 토큰 소각

크립토닷컴, 메인넷 출시 앞서 700억 CRO 토큰 소각

크립토닷컴, 거래소 내 파생상품 거래 서비스 출시

  • Decenter.kr (KR)

크립토닷컴, 암호화페 마진거래 파생상품 출시한다

크립토닷컴, 25일 메인넷 출시 앞두고 자체 토큰 700억개 소각

  • WowTV (KR)

크립토닷컴, 거래소 내 파생상품 출시

크립토닷컴, 메인넷 출시 전 700억 CRO 토큰 소각

  • FN News (KR)

크립토닷컴, 파생상품 거래소 출시

크립토닷컴, 메인넷 출시 앞서 700억 CRO 토큰 소각

  • News.mt (KR)

크립토닷컴, 거래소 내 파생상품 거래 서비스 출시

크립토닷컴, 메인넷 출시 앞서 700억 CRO 토큰 소각

  • MK.co.kr (KR)

크립토닷컴, 25일 메인넷 출시 앞두고 자체 토큰 700억개 소각

  • Fintechpost.co.kr (KR)

크립토닷컴, 파생상품 거래소 출시

크립토닷컴, 메인넷 출시 앞서 700억 CRO 토큰 소각

  • CoinCat Media (KR)

크립토닷컴, 파생상품 거래소 출시 ...

Mentions

  • Altcoin Buzz

Top 5 Crypto News: 02/17

  • BNN Bloomberg

Bitcoin craze fuels foreign crypto trading app downloads in Canada

  • Bloomberg

JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

  • Business Insider

Read Coinbase CEO Brian Armstrong's letter celebrating the cryptocurrency platform filing to go public via direct listing

10 things you need to know before the opening bell

  • Crain's New York Business

JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

  • Crypto Today

Retail Crypto Adoption Advances Amid Pandemic as Acceptance and...

  • Finance Magnates

Crypto Innovation Follows on the Heels of Recent Surge, Here’s What’s Going On

  • Forbes

Visa Reveals Bitcoin And Crypto Banking Roadmap Amid Race To Reach Network Of 70 Million

Beyond Dogecoin: What Cryptos Are Worth Buying, Besides Bitcoin?

  • Hackernoon

Unsuspecting Industries Are Becoming Crypto-Friendly

  • Lifewire

Why You Should Invest (or Not) in Cryptocurrency