Crypto.com aims to expand its crypto offerings to include stablecoin and an exchange-traded fund (ETF) product in 2025.

The Singapore-based exchange also revealed a plan to give customers access to traditional financial products like banking and stock trading.

This move comes as Crypto.com has positioned itself as one of the top trading platforms of 2024, even surpassing established players like Coinbase in trading volume.

Despite this success, Crypto.com has ambitious growth plans for 2025, which the firm describes as a “transformational year for the crypto industry.”

Crypto products expansion

Crypto.com’s roadmap for 2025 shows that the company plans to issue a stablecoin, underscoring its commitment to offering digital assets with practical, real-world applications.

Stablecoins allow traders to avoid volatile assets and offer emerging markets access to US dollars. Although details are limited, the plan comes as major financial players, including PayPal, Ripple, and BitGo, enter the stablecoin sector.

The platform further intends to capitalize on the rising interest in crypto-related exchange-traded products (ETPs) by introducing an ETF for Cronos, the token powering its layer-2 Cronos network. Recent inflows into Bitcoin and Ethereum ETFs suggest a growing appetite for crypto ETPs. With the incoming administration potentially encouraging more crypto-friendly policies, many believe this could create opportunities for the exchange planned ETF.

Meanwhile, Crypto.com also intends to extend its exchange services into the United States and pursue institutional custodial services in Canada, Singapore, and other regions worldwide.

The expansion plan is particularly noteworthy, considering the US recently Go to Source to See Full Article
Author: Oluwapelumi Adejumo