Crypto.com has experienced massive gains this week following its partnership with AMC. in a &700 million dollar deal. As the coin reached a record high, CRO launched a new VIP OTC portal. Crypto.com is launching an OTC, over-the-counter solution for its VIP and institutional clients. Yesterday, 232 November, the company made a press release concerning a new feature for its VIP customers, the Crypto.com VIP Portal.
The portal will enable the clients to receive instant quotations from large OTC trades. This is an improvement of the current system where the traders have to make such trades manually. This upgrade will help a few VIP retail traders and institutional investors to buy and sell at a pre-approved price.
CRO’s New VIP OTC Portal
Therefore, the portal will use a backend quoting engine for trading pairs within seconds. The portal will also allow traders to make large trades quickly, making the most of the constantly changing cryptocurrency markets.
Kris Marszalek, the CEO, said the company is excited to launch the OTC solution because it will only make trading easier. Traders will be able to capture market opportunities by executing block trades more efficiently.
From Monaco to CRO
CRO started in 2016 as a crypto card visa company with the official name ‘Monaco.’ The company purchased the crypto.com domain in 2018 for 12million dollars, after which the company changed its name. It gained a large user base as a result. The platform serves an estimated 10 million users with its cryptocurrency trading application.
Crypto.com still offers crypto visa cards and aims to become a one-stop shop for crypto traders, just like Binance is. The platform also provides additional cryptocurrency exchange services and allows traders to accept cryptocurrency payments of websites quickly.
Users can stake CRO tokens and receive 12% yearly of the staking. You have to lock your coins in the CRO blockchain to assist its proof-of-stake method to earn a reward. A brief history of CRO helps to understand why the currency has rocketed in November 2021, with 42% within the past seven days. Many users know it as a trading platform. The OTC will push the price of the coin further.
Tokenomics and Future of CRO
CRO is tradable on Crypto.com exchange, eToroX, Coinbase Exchange, and Huobi Global. CRO sits at a market price of $0.84, with a market cap dominance of 0.70%. The coin ranks number thirteen in the market cap and is up by 7.7% within the last 24 hours and is still rising at the time of writing this article.
It is a bullish cycle for CRO. This announcement of launching an OTC platform will only push the price of the coin further. Bluechip projects have a way of reaching the top. The gains seem slow but sure rocket with time. It is good to hold bluechip undertakings for long-term investment, and they will always surprise you. Download the CRO application, sign in, and stake the coin. Trade uses the platform because it is highly likely to give an airdrop due to the active deal signing this season.