CoinDCX is proud to announce its partnership with Crypto.com. Both CoinDCX and Crypto.com share the vision of mass adoption of cryptocurrencies around the world and this partnership is going to scale the realisation of this vision to new possibilities, more innovations, and higher peaks of achievements.
Crypto.com was founded as Monaco Technologies GmbH in June 2016 with Kris Marszalek as CEO. It is a Hong Kong-based leading cryptocurrency payments company which shares CoinDCX’s vision of bringing worldwide adoption of cryptocurrencies to the general public. To fulfil this vision, Crypto.com is working with its innovative set of consumer products, which includes the Crypto.com Wallet & Card App, the MCO Visa Card, Crypto Invest, Crypto.com Chain, as well as Crypto Credit. The Crypto.com Wallet allows users to buy, sell, and pay with leading cryptocurrencies cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
The leading co-founders and executives of the team include:
1. Kris Marszalek, Chief Executive Officer
2. Rafael Melo, Chief Financial Officer
3. Gary Or, Chief Technology Officer
4. Bobby Bao, Head of Corporate Development
Crypto.com Chain is yet another project launched by the Hong Kong-based payment and cryptocurrency platform company Crypto.com (also known as “CRO Protocol Labs”). The Chain has its own Crypto.com Chain (CRO) Token which is supposed to allow the users to make cryptocurrency payments to as many globally available merchants as possible. This is to be done by making the CRO an intermediary currency which will allow for the conversion of cryptocurrencies to their fiat counterparts at much reduced cost.
The MCO Token Sale was conducted from May 18 to June 18, 2017 and raised over US$26.7 million. By December 2017, the MCO Token traded US$1B in volume - ranking #35 globally by monthly trading volume.
MCO Visa Card
MCO Visa Card went live in Singapore in 2018 when they announced that they had received approval to begin issuing Visa cards to Singapore residents, allowing card holders to use the cards as payment at merchants accepting Visa.. Crypto.com cards are free: card holders are not required to pay any monthly, annual or shipping fees. No ATM fees (subject to tiered usage limits). The MCO Visa Card allows eligible card holders to earn up to 5 percent crypto (MCO Token) cashback on all transactions, 100% purchase rebate on standard subscription plans for Spotify, Netflix, and 10% back on Expedia, and Airbnb.
To own the cards, you need to own MCO tokens and hold them. Different cards have different criterias. The Ruby Steel card is available with a 6-month deposit of 50 MCO, while the Royal Indigo and Jade Green cards are available for a 6-month deposit of 500 MCO. Icy White cards are available with a 5,000 MCO 6-month deposit, and Obsidian Black cards are available to reserve for those depositing 50,000 MCO for 6-months.
Crypto.com’s mobile app was introduced on August 31, 2017 for both Android and iOS users. Through Crypto.com’s Wallet & Card app, users can purchase bitcoin, ether, Litecoin, Ripple, Binance Coin, MCO tokens, and USDM to hold as investments or use as forms of payment. The app also accompanies the MCO Visa Card to track and manage transactions.
On October 4, 2018, Crypto.com introduced EUR bank transfers from accounts in the Single Euro Payments Area (SEPA). On February 21, 2019, Crypto.com launched its Vortex Trading Engine which pools liquidity from major exchanges globally and routes orders to them to ensure the best execution price with no fees and no markups.
Crypto Invest is a set of trading strategies designed to perform in any market. Crypto.com allows you to send your cryptocurrency to them and then lock it in for a fixed period or flexible period and receive interest back on your lump sum. The interest is paid out every 7 days and added to your balance. Users can start building their portfolio from as little as USD 20. Users may exit at any time without penalty, and Crypto.com does not charge any management, entry or exit fees.
Due to regulatory requirements, Crypto Invest is not currently available in the United States of America, Hong Kong, and Singapore.
Crypto.com Chain is a blockchain solution built by Crypto.com to record and facilitate all the transactions using CRO token. Crypto.com’s Chain underlies the Crypto.com Pay solution, a decentralized cryptocurrency payment solution built on blockchain.
Crypto.com has brought a comprehensive set of products and services which are fuelling the adoption of cryptocurrencies across the world. Agreeing with our #TryCrypto initiative, CoinDCX and Crypto.com partnered to list MCO tokens and accelerate the pace of materializing this vision. The token is available with INR pair so that investors and traders can hold and trade MCO tokens directly. In the fast-changing financial system, Crypto.com has taken the innovative steps required to keep up with the pace.
Today CoinDCX is reputed to be India’s most trustworthy cryptocurrency trading platform and world's most versatile with massive liquidity and simple user interface. It has empowered its traders with a bouquet of industry-first crypto-based products to trade better using liquidity from the world’s leading exchanges like Binance, HitBTC, and Huobi Global. One can trade in 500+ crypto-assets with DCXtrade, convert one’s INR to cryptos and vice versa on DCXInsta, earn by lending one’s crypto holdings with DCXlend, and leverage one’s trades using DCXmargin. The users have found the platform as simple as effortless. Trade now!