Crypto.com plans to file Cronos ETF, launch stablecoin in 2025
Cryptocurrency exchange Crypto.com is prioritizing the launch of an exchange-traded fund (ETF) for its native token, Cronos, aiming to file the ETF submission in the fourth quarter of 2025. The exchange plans to list stocks, options, and ETFs on its platform in the first quarter and roll out new banking features. Additionally, a new stablecoin is expected to be launched by the third quarter of this year. Although details remain limited, a Crypto.com spokesperson indicated that these initiatives align with a broader strategy under the Markets in Crypto-Assets Regulation (MiCA) framework. The move comes on the backdrop of significant institutional adoption in digital assets, which surged following the launch of spot Bitcoin ETFs in the U.S. that garnered over $35 billion in 2024. Major asset managers have been increasing their ETF submissions in response to a favorable regulatory climate, with prominent firms like VanEck and Grayscale submitting applications for various cryptocurrency ETFs.
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