Cronos (CRO) is the native cryptocurrency of the Crypto.com Chain, used for payments, trading fee discounts, and staking rewards within the Crypto.com ecosystem.
Cronos (CRO) serves as the native cryptocurrency token of Cronos Chain, an open-source blockchain developed by Crypto.com. Positioned within Crypto.com's suite of offerings, Cronos Chain aims to facilitate widespread cryptocurrency adoption by empowering users with greater control over their finances, enhancing data security, and safeguarding user identities. At its core, the CRO blockchain powers Crypto.com's mobile payments app, Crypto.com Pay, enabling seamless transactions and enhancing the utility of cryptocurrencies in everyday transactions.
Since its launch in November-December 2018, CRO has played a pivotal role in Crypto.com's ecosystem, with plans to expand its functionality across additional products in the future. This expansion is expected to further integrate CRO into Crypto.com's broader ecosystem, potentially extending its utility beyond mobile payments to other financial services and applications. As Crypto.com continues to innovate and expand its offerings, CRO remains a cornerstone of its strategy to promote cryptocurrency adoption and enhance financial inclusivity globally.