Crypto.com Launches Prime Program for High Net Worth Traders
Crypto.com has introduced its new Prime program, designed for high net worth traders looking to build generational wealth. The program offers exclusive benefits, including an uncapped 1% deposit bonus, institutional-grade trading, bespoke inheritance and tax services, and 24/7 dedicated support. To access the program, a minimum deposit of $1 million is required along with an invitation. Crypto.com Prime is currently available in the United States, Canada, Singapore, the United Kingdom, Brazil, Argentina, European Economic Area (EEA), and South Africa. The launch of Crypto.com Prime has been well-received by investors, as evidenced by the recent 10% pump in the price of Cronos (CRO), the native cryptocurrency of Crypto.com.
Benefits of Crypto.com Prime
Crypto.com Prime offers several exclusive benefits to its members. These include a 1% unlimited deposit bonus, near-zero trading fees, institutional-level trading with deep liquidity, $1 million account protection, unlimited fiat transfers, customized tax and succession services, a dedicated relationship manager, and the Crypto.com Prime card. The platform aims to provide high net worth traders with advantages typically reserved for institutional traders. In the future, they plan to add features such as margin trading for Prime users.
The Performance of Cronos (CRO)
Since the announcement of Crypto.com Prime, Cronos (CRO) has experienced a 10% increase in price over the past week. However, there has been a volume decrease of -30% in the last 24 hours. Currently valued at $0.09 and ranked 42nd by market cap, Cronos (CRO) has seen a drop in ranking compared to November 2023 when it was ranked 30th. Despite this, the market cap of Cronos (CRO) has increased from $2.23 billion to $2.27 billion.
Crypto.com’s Dubai VASP License
In addition to the launch of Crypto.com Prime, the platform recently obtained a VASP license in Dubai, allowing it to provide virtual asset services. This expansion demonstrates Crypto.com’s commitment to operating in the crypto field outside of US regulation. Following the announcement of the license in November 2023, Cronos (CRO) experienced a price pump, reaching a peak of $0.12 before returning to $0.08. Despite the price fluctuations, Crypto.com continues to expand its offerings and establish itself as a prominent player in the cryptocurrency industry.
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