Crypto.com Chain Token (CRO) To Be Listed On Bithumb Global Exchange
Crypto.com (CRO) Token To Be Listed On Bithumb Global Exchange
Crypto.com has announced their native token, CRO, will be among the first listings on the recently introduced Bithumb Global crypto exchange. The company further confirmed that the exchange is already accepting deposits and that trading will begin on June 4th, 2019.
Bithumb Global aims to expand on the reach of the Bithumb exchange, which exclusively operates in Korea. That said, Korea has one of the highest digital asset adoption rates in the world. The exchange platform is known for multi-currency support, supporting crypto-to-fiat exchanges, as well as stablecoin conversion and trading.
The Crypto.com Chain token (CRO) is the native token of the blockchain ecosystem on which the Crypto.com payment processor is built. The payment system, called Crypto.com Pay, allows to pay or get paid in digital assets. For consumers, using CRO earns them cashback rewards on Crypto.com Pay. Merchants, on the other hand, will enjoy faster settlement of transactions and reduced processing fees.
Kris Marszalek, Co-Founder and CEO of Crypto.com, said that they were happy to be among the first tokens to get listed on Bithumb Global. He further stated that Bithumb is a leading trading platform that supports their goal of making cryptos available to the masses.
On his part, Javier Sim, the director of Bithumb Global Holdings, said that the introduction of Bithumb Global is a significant step in the company’s vision to become a global leader in the crypto trading industry. As such, the exchange will work hard to ensure that its users receive first-rate services all over the world. He concluded by saying that they were excited to add CRO to the Bithumb Global exchange.
About Bithumb Global
Bithumb Global is a new crypto exchange that was recently launched by Bithumb. As mentioned earlier, Bithumb operates in South Korea, one of the busiest crypto trading hubs of the world.
In 2018, Bithumb processed an average of 13,000 BTC daily, representing 10% of the global Bitcoin trading volume. The platform also accounted for 44% of the global Ethereum trading volume, making it the most active exchange in that regard.
So far, Bithumb Global is operating in 10 overseas countries, including the UK, Canada, and Australia. The exchanges are compliant to the various regulations imposed by the jurisdictions in which they operate.
Crypto.com was established in 2016 to accelerate the mass adoption of virtual currencies. The company has since introduced a variety of solutions, including Crypto.com wallet and card app, the MCO Visa Card, and the Crypto.com Chain. All these three work in tandem to facilitate the selling and purchase of goods using cryptocurrencies, which is in line with the project's primary objective. The headquarters of CRO is located in Hong Kong.