Buy BAL at true cost with USD, EUR, GBP and 20+ fiat currencies
Balancer is listed on the Crypto.com App today, 1 February 2021. BAL joins a growing list of 90+ cryptocurrencies and stablecoins on our App, such as Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), as well as Crypto.com Coin (CRO).
A Balancer Pool is an automated market maker with certain key properties that cause it to function as a self-balancing weighted portfolio and price sensor. Balancer turns the concept of an index fund on its head: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance your portfolio by following arbitrage opportunities.
Crypto.com App users can now purchase BAL at true cost with USD, EUR, GBP and 20+ fiat currencies, and spend it at over 60M merchants globally using the Crypto.com Visa Card.