Buy SNX at true cost with USD, EUR, GBP and 20+ fiat currencies
Synthetix (SNX) is listed on the Crypto.com App today, 7 January 2021. SNX joins a growing list of 90+ cryptocurrencies and stablecoins on our App, such as Bitcoin (BTC), Ether (ETH), Cardano (ADA), Chainlink (LINK), VeChain (VET), USD Coin (USDC), as well as Crypto.com Coin (CRO).
Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEX’s.
Crypto.com App users can now purchase SNX 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.