Crypto.com Token Surges After Listing on Coinbase

Crypto.com Token Surges After Listing on Coinbase

(Coinbase) Ethereum-based Crypto.com currency CRO surged more than 20% to trade at an all-time high above $0.34 following news it had been listed on Coinbase.

Crypto.com, which is one of the top five crypto spot exchanges by volume, allows users to earn rewards in CRO. Users can also use the asset to make payments at a discount.

Crypto.com eyes more UFC NFT collection and signed a sponsorship deal with Formula 1 for five years in bid to attract sports fans to its platform.

Coinbase CEO Brian Armstrong says it wants to be the Amazon of assets in the latest move to list a coin already on a rival exchange.

CRO now ranks as the 27th largest cryptocurrency on CoinMarketCap, with a market cap of $7.96 billion. 

CROUSD is up +22.38%.

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