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The cryptocurrency exchange recently secured a MiCA license, allowing it to provide services throughout the European Economic Area.
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Cryptocurrency exchange Crypto.com has made launching an exchange-traded fund (ETF) for its native token, Cronos (CRO), a priority this year, highlighting the growing institutionalization of digital assets.
According to Crypto.com’s 2025 roadmap, the exchange plans to file the ETF submission in the fourth quarter. No other details were provided.
Before its ETF submission, Crypto.com is planning to list stocks, stock options and ETFs on its platform beginning in the first quarter. It’s also planning to roll out new banking features, including personal multicurrency accounts and cash savings accounts.
Crypto.com’s 2025 roadmap includes a stablecoin launch, ETF filing and expanded credit card offering. Source: Crypto.com
One of the most ambitious targets is the release of a new Crypto.com stablecoin by the third quarter.
Although details about the stablecoin and ETF were sparse, a Crypto.com spokesperson told Cointelegraph that the new products are part of a broader effort to “[enhance] all aspects of user experience.” This includes 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 said.
The exchange is headquartered in Singapore but operates globally. It’s not clear where it intends to file its ETF or in which fiat currency its stablecoin will be offered. As Cointelegraph recently reported, Crypto.com secured a full European Union license under the Markets in Crypto-Assets Regulation (MiCA) framework.
Crypto.com is the world’s 13th-largest digital asset exchange by total volume, according to CoinMarketCap. It rose to prominence during the 2020–2021 bull market as a mobile-first platform.
Related: Crypto.com to delist Tether’s USDT, 9 other tokens in Europe on Jan. 31
Crypto ETF race heats up
Digital assets saw a wave of institutional adoption in 2024 following the successful launch of spot Bitcoin (BTC) ETFs in the United States. The US ETFs pulled in more than $35 billion in 2024 and ended the year with more than $100 billion in net assets.
The momentum hasn’t slowed down. According to Bitwise chief investment officer Matt Hougan, the spot Bitcoin funds pulled in $4.94 billion in January.
Source: Matt Hougan
After a slow start, the spot Ether (ETH) ETFs attracted billions of dollars in November and December.
A more favorable regulatory climate in the US following the election of President Donald Trump and a changing of the guard at the Securities and Exchange Commission are expected to lead to a spate of crypto ETF approvals this year.
Asset managers see the writing on the wall and have upped their fund submissions in recent months. Investment giants VanEck, Grayscale, 21Shares, Bitwise and Canary Capital have all applied for Solana (SOL) ETFs, which would give institutional investors access to the fifth-largest cryptocurrency.
VanEck has also submitted an ETF application that would invest in the “Onchain Economy,” which includes digital asset companies such as miners, crypto exchanges and software developers.
Magazine: Pectra hard fork explained — Will it get Ethereum back on track?
This article first appeared at Cointelegraph.com News
