A Brief Timeline Of Events At Crypto.com

Crypto.com is a cryptocurrency and payment platform that provides a range of services related to digital assets, including a mobile wallet, exchange, debit cards, and more. Here is a brief history of the domain and the company:

2016: Launch as Monaco Technologies

The company was founded by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao in June 2016 as Monaco Technologies. The aim was to create a platform that simplifies access to cryptocurrency and enables users to spend their digital assets in everyday life.

2017: Monaco ICO

In June 2017, Monaco Technologies held an Initial Coin Offering (ICO) for their Monaco (MCO) token. The ICO raised $26.7 million, helping the company grow and develop its products.

2018: Rebranding to Crypto.com

In July 2018, the company acquired the domain "crypto.com" for an undisclosed amount, rumored to be around $10 million. Monaco Technologies then rebranded itself as Crypto.com to reflect its broader focus on the crypto industry.

2018-2019: Crypto.com Pay and Crypto Earn

Crypto.com introduced Crypto.com Pay in 2018, a mobile payment solution that enables users to pay with cryptocurrencies at supported merchants. In 2019, the company launched Crypto Earn, a feature that allows users to earn interest on their crypto assets.

2019: Crypto.com Chain and CRO Token

The company announced the development of the Crypto.com Chain, a public blockchain aimed at enabling fast, low-cost, and secure transactions. To support this initiative, they introduced the Crypto.com Coin (CRO) as the native token for the new blockchain.

2020: Crypto.com Exchange and Debit Cards

Crypto.com expanded its offerings by launching its own cryptocurrency exchange in November 2019. The company also started issuing Crypto.com Visa Debit Cards, allowing users to spend their cryptocurrencies in real life.

2020-2021: Expansion and milestones

Crypto.com continued to grow and expand its user base, reaching 5 million users in October 2020 and 10 million users in February 2021. The company also received various regulatory approvals and licenses, such as the Financial Institution License in Malta and an Electronic Money Institution (EMI) license from the European Union.

2021: NFT Platform

In March 2021, Crypto.com launched an NFT platform to allow users to buy, sell, and trade non-fungible tokens (NFTs), tapping into the growing popularity of digital art and collectibles.

DISCLAIMER

The information provided in this blog post is for general informational purposes only and should not be construed as financial, investment, or legal advice. The author and the blog are not financial advisors or legal professionals, and the opinions expressed herein are solely those of the author and do not reflect the views or opinions of any affiliated organizations or individuals.

While every effort has been made to ensure the accuracy and completeness of the information provided, no guarantee is given as to the accuracy or reliability of such information. Readers should conduct their own research and seek the advice of independent financial advisors or legal professionals before making any investment or legal decisions based on the information provided in this blog post.

Any action you take upon the information provided in this blog post is strictly at your own risk. The author and the blog will not be liable for any losses or damages in connection with the use of the information provided herein. Cryptocurrencies and other digital assets are highly volatile, and investing in them carries inherent risks. Past performance is not indicative of future results.