Crypto.com is a cryptocurrency exchange company based in Singapore . As of May 2022, the company had 50 million customers and 4,000 employees. [2] The exchange issues its own exchange token named Cronos (CRO). [3] Crypto.com was founded in 2016 under the name "Monaco" by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. The company rebranded in 2018 after purchasing the Crypto.com domain, reportedly valued between $5-10 million. Crypto.com offers a range of services including an app, exchange, wallet, and NFT marketplace. The company also issues its own token, Cronos (CRO). However, the company faced a series of challenges, including a $15 million Ether hack in January 2022, significant layoffs due to a downturn in the crypto market, and a $1 billion loss in Cronos' value in November 2022. Despite these setbacks, Crypto.com has secured regulatory approvals in several regions, acquired two South Korean startups, and engaged in high-profile promotional act...
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