Popular cryptocurrency platform Crypto.com continues to chug along and growing while doing so. The platform recently announced that it has added Loopring (LRC) to its list of tokens available on DeFi Swap. In addition, in its February update, Crypto.com announced some major milestones achieved by the fintech platform.
Crypto.com has added support for a number of cryptocurrencies recently, such as UNI, DOGE, and YFI as loan collateral. Now the platform has added Loopring (LRC) to DeFi Swap, its platform for swapping, farming, and staking DeFi tokens.
In other Crypto.com news, the platform announced the hiring of Joe Conyers III as EVP of NFT Platform. He will oversee the creation of an invite-only NFT platform that will feature the world’s best sport leagues, artists, and athletes.
In its recent February 2021 update, the platform revealed a tremendous milestone. It was announced that the platform surpassed ten million users in only four months after it had crossed the five million user landmark.
According to the crypto platform, this remarkable increase in users depicts an increase in crypto adoption. Crypto.com further noted that, in view of its accelerating growth, it has shifted its previous 100 million user base target from 2025 to 2023.
https://t.co/pFc4PzqqHR surpassed 10m users! 🔥
Given our accelerating growth, we are now targeting 100m users by the end of 2023, two years ahead of our original schedule 🚀
Many thanks to our incredibly supportive community! 🙏 https://t.co/UBmWLEZwfx
— Kris | Crypto.com (@Kris_HK) February 24, 2021
Expressing his excitement with the growth of the crypto fintech, Kris Marszalek, co-founder and CEO of Crypto.com, reiterated that the platform is now targeting 100 million users by the end of 2023, two years ahead of the original schedule.
Additionally, Marszalek listed the remarkable achievements Crypto.com recorded in February. He further disclosed, via his official Twitter account, that Crypto.org Chain would be unveiled on March 25, 2021.
“What a month! All-time-high on all stats ✅ Largest token burn in history ✅ Ultra-fast derivatives platform live ✅ This month is poised to be even stronger, with Mainnet go-live on the 25th, but there’s more, much more. Onwards!,” the tweet reads.
What a month!
All-time-high on all stats ✅
Largest token burn in history ✅
Ultra-fast derivatives platform live ✅
This month is poised to be even stronger, with Mainnet go-live on the 25th, but there’s more, much more…
Onwards! 🚀 https://t.co/7kUSQp2es1
— Kris | Crypto.com (@Kris_HK) March 1, 2021
Other Major Developments
Announcing other major developments, the platform disclosed the network launch of Crypto.com Derivatives on an entirely new technology stack. According to the announcement, the new system comes with 2.7 million transactions per second as well as ultra-low core latency of 50 microseconds.
Notably, Crypto.org Chain is a public, open-source and permissionless blockchain. Primarily, it is a decentralized project created to act as a public scheme that helps drive mass adoption of blockchain technology.
As of the time of publication, Crypto.com Coin (CRO) price was $0.193098, with a 24-hour trading volume of $353,976,871. CRO price also rose by 12.2% over the last 24 hours. Moreover, it has a circulating supply of 25 billion CRO coins. Upbit is currently the most active market trading CRO.
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