Crypto.com Unveils Plans to File for Cronos ETF and Launch a Proprietary Stablecoin

As part of its roadmap for 2025, Crypto.com is planning to file for the launch of an ETF centered around its native token Cronos (CRO).

Crypto.com, a Singapore-based crypto exchange with a global presence, has unveiled plans to file for a Cronos ETF and launch a proprietary stablecoin. As part of its roadmap for 2025, Crypto.com aims to file for the launch of an ETF centered around its native token Cronos (CRO). The company intends to submit the filing for the ETF in the fourth quarter of the year, though further details on the filing process are yet to be disclosed.

To provide some context for this upcoming development, Crypto.com joins a host of companies in the race to launch crypto ETFs. Several asset managers have filed applications with regulators to launch ETFs targeting Solana (SOL) and Ripple (XRP). Additionally, Grayscale Investments has launched a Dogecoin Trust and Tuttle Capital Management has filed to launch 10 2x-leveraged ETFs.

Another key milestone for Crypto.com in 2025, aside from the CRO ETF launch, is the launch of its own stablecoin in the third quarter. However, details regarding the fiat currency that will back the stablecoin, among other specifics, are still pending at this time.

Apart from the CRO ETF and stablecoin launch, the Singapore-based crypto exchange is also expanding its financial services footprint. The exchange aims to list stocks and stock options in the first quarter of 2025, venturing beyond crypto in its offerings. It is also working on introducing new banking features, including personal multicurrency accounts and cash savings accounts.

Crypto.com's expansion extends beyond its service offerings, as the company is also prioritizing regulatory compliance. Just over a week ago, on January 27, Crypto.com's Malta division became the first-ever entity to be granted a Markets in Crypto Assets (MiCA) license by the Malta Financial Services Authority.

As Crypto.com's ambitious plans garner attention, the CRO token has been facing bearish pressure, with its price declining nearly 37% over the past month, according to CoinMarketCap. At the time of writing, CRO is trading at around $0.10, exhibiting a slight intraday loss of 3.25%.