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Crypto.com is set to launch an exchange-traded fund (ETF) for its native token, Cronos (CRO), while planning its own stablecoin.
In its 2025 roadmap, Crypto.com said it would make the Cronos ETF a top priority this year and that its stablecoin is hoped to be launched by the third quarter. The CRO is expected to launch in Q4.
Details about the ETF remain scarce, but a regulated Cronos ETF might bring greater legitimacy to CRO by allowing investors to gain exposure to it without holding the asset directly.
Ahead of the ETF filing, Crypto.com is set to expand its offerings significantly. In Q1, Crypto.com will begin listing stocks, stock options, and ETFs.
Additionally, Crypto.com plans to introduce new banking features, such as personal multicurrency accounts and cash savings accounts.
Crypto.com has not shared specifics about its upcoming stablecoin but a spokesperson said it is part of a broader mission to “[enhance] all aspects of user experience,” including offering “the broadest range of financial investment services.”
“We have already delivered five of the six planned products laid out in our Q1 roadmap but on top of that, we launched our institutional custody services ahead of schedule,” the spokesperson added.
Stablecoin issuer Tether Holdings, which came under scrutiny last week during the confirmation hearing for Donald Trump's nominee to head the Commerce Department, recently announced record-breaking profits of $13 billion.
Tether has the potential to become just as profitable, if not more, than the biggest Wall Street investment banks, with last year's profits of $13 billion. With sales of $53.5 billion, Goldman Sachs Group's net income was $14.3 billion in 2024.
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Additionally, David Sacks, the newly appointed White House AI and crypto czar, said he believes a well-regulated stablecoin market could drive trillions of dollars in demand for the dollar and help lower long-term interest rates by reinforcing its dominance in digital finance.
"This is an area that has already taken off, mostly offshore. We want to bring that innovation onshore and enable legislation to allow the issuance of stablecoins in the United States," Sacks said.
"And I think the power of stablecoins is that it could extend the dollar's dominance internationally, extend it online digitally, and create potentially trillions of dollars of new demand for our US Treasuries, which could help support our debt and help bring down long-term interest rates."
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Last month, Crypto.com received a full Markets in Crypto Assets (MiCA) license to operate within the EU. Crypto.com is now able to offer its extensive range of crypto services across the EEA under a streamlined and strengthened framework, enhancing transparency within the sector.
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