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Crypto.com’s user count has actually increased fivefold because late 2020

In a nutshell: Cryptocurrencies as a whole might be experiencing a dip, however you would not understand it based upon the current user numbers from one popular crypto exchange. Singapore-based exchange Crypto.com informed Axios that it now has more than 50 million users. That’s more than 5 times the variety of users the exchange had when it last shared statistics in late2020

Better yet, CEO Kris Marszalek informed the publication he anticipates to reach 100 million users by the end of this year.

Marszalek’s business is a bit distinct in the area because they’ve never ever taken an outdoors financial investment.

” We’ve undoubtedly had a significant quantity of interest, with some extremely generous deals, however money hasn’t been a restricting aspect offered the quantity of earnings the business produces,” the executive stated

Crypto.com isn’t averse to ultimately accepting financing and even going public, however Marszalek stated he would choose the business remain in a much better position to hold up against market pressures prior to doing an IPO. Part of arriving includes diversifying its earnings stream, which is mostly comprised of costs from trades today.

The exchange has actually been hectic structure mindshare since late. In July 2021, Crypto.com partnered with the UFC to become its main battle set brand name partner. A couple of months later on, the exchange purchased the identifying rights to the Staples Center in Los Angeles in an offer that lasts for twenty years.

Crypto.com is likewise the title sponsor of this weekend’s Formula 1 Grand Prix in Miami and will be a sponsor of the FIFA World Cup this summertime.

Image credit Worldspectrum

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