In today’s crypto world, there’s fierce competition amongst Layer 1 (L1) chains. In short, they’re vying for users and Total Value Locked (TVL) for their chain. Cronos is one such blockchain. Aside from its on-chain products, Cronos has an advantage over others.
It has got the backing of Crypto.com. One of the world’s largest Centralized Exchanges (CEXs). With that, Cronos occupies the #9 spot for TVL rankings. So far, the easiest way to get its native $CRO token is via CEXs. Without further ado, let us guide you through the best 3 CEXs for Cronos.
CEX #1 – Crypto.com
First of the best 3 CEXs for Cronos is, of course, Crypto.com. If you’ve heard the phrase “Fortune Favours The Brave”, you’d likely have also heard of this CEX.
Fortune Favours The Brave
A tribute to those who got us this far.
And an invitation to those who will take us further.#FFTB pic.twitter.com/BWBneqjGnF— Crypto.com (@cryptocom) October 28, 2021
The ad above was released during 2021’s SuperBowl. It was a message to the world to onboard more users to crypto. Yet, it also meant that Crypto.com is a CEX with deep pockets. It isn’t cheap to run a SuperBowl commercial, you know!
Apart from that, Crypto.com is also a huge CEX. It’s got one of the largest trading volumes. Not to mention, it also has a plethora of products and features such as:
- NFT marketplace.
- Metallic debit card.
- Earn programme.
- Crypto.com App.
- Non-custodial wallet, and others.
Acoording to CoinGecko, Crypto.com has a solid 10/10 trust score. Your funds are less likely to get compromised on this CEX, compared to others. Currently, it has got a $284 million 24-hour trading volume. 255 coins are listed on its CEX, along with 493 trading pairs. For $CRO, you can trade it against major cryptos like $USDT, $BTC, $ETH or $ATOM.
To further assure users, Crypto.com has confirmed it has $3.73 billion of exchange reserves. This means that they’ve got your deposits, and aren’t misusing your funds. We could go on all day about Crypto.com. But, that’s enough for now. Let’s scoot on over to the next CEX!
CEX #2 – Coinbase
Next of the best 3 CEXs for Cronos is Coinbase. Coinbase is one of the earliest exchanges in the crypto space. It has a simple User Interface (UI) for its website and mobile app. As such, Coinbase is usually the first choice for newbies to crypto.
Similar to Crypto.com, Coinbase also has a suite of products catered to the retail investor. These comprise of:
- A wallet.
- A debit card.
- An NFT marketplace.
- An Earn programme, and more.
Moreover, Coinbase has established trust within the industry. It’s a listed company on the NASDAQ stock exchange! CoinGecko reinforces said trust by allocating a 10/10 trust score to them as well.
Today, Coinbase has a 24-hour trading volume of $1.32 billion. It supports 239 coins and 551 trading pairs. Here, you can trade $CRO against $USDT, fiat USD or fiat EUR.
Access even more of web3– right from Coinbase. Now you can connect your dapp wallet to dapps on web browsers and explore gaming, music, and more.
Get started from the web3 tab in your Coinbase app or on https://t.co/iQARfi557o. pic.twitter.com/3QeDtDfe6l
— Coinbase (@coinbase) December 22, 2022
To end off, Coinbase has been improving its wallet’s connection to Web3. If you frequent on-chain Decentralized Applications (dApps), feel free to check out its wallet above.
CEX #3 – Kucoin
Last, but not least, of the best 3 CEXs for Cronos is Kucoin. Kucoin is a CEX specializing in low and mid-cap altcoins. Although it has been hacked previously, it has recovered from the incident. Currently, Kucoin has $2.86 billion of exchange reserves. Indeed, this means that Kucoin has its user’s funds safely stored. Naturally, it has earned a trust score of 10/10 from CoinGecko.
We proudly announce that our third Proof-Of-Reserves has been released!
This POR guarantees that one can find the 1:1 on-chain reserves for all user assets on KuCoin. Users have their freedom to confirm the validity of this POR by visiting the link below 🔽🔽
— KUCOIN (@kucoincom) February 6, 2023
As of today, their 24-hour trading volume is at $1.07 billion. It has also listed a total of 732 coins and 1,274 trading pairs. That’s a really huge selection! Hence, many tokens can be traded on Kucoin, but not on other CEXs. Of course, that includes Cronos’ native token, $CRO. To buy $CRO, you can sell $USDT or $BTC on Kucoin using its trading pairs.
To be honest, Kucoin is a lesser known CEX compared to the others on this list. Despite that, it has no lack of features for its users. These include:
- A debit card.
- A futures trading platform.
- A crypto lending platform.
- A wallet, and more.
With these, you’re pretty much well equipped for the complex world of crypto!
Conclusion
To summarize, the best 3 CEXs for Cronos’ token, $CRO, are Crypto.com, Coinbase and Kucoin. Each of these CEXs cater to different users in crypto. We suggest you try out all 3 of them to find out which suits you best! To find out more on where else you can buy or sell $CRO, check out its CoinGecko markets page. It shows you a list of trading pairs and exchanges supporting $CRO.
The current price of $CRO is $0.089. Its market cap is $2.25 billion. Its max token supply is 30.26 billion. Out of which, $25.26 billion circulate.
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