How is Cronos (CRO) token linked to Crypto.com exchange?

Highlights

• BNB, linked to Binance is among top five assets, and CRO, linked to Crypto.com among top 20
• CRO functions within Cronos, which Crypto.com claims has multichain interoperability
• CRO price has remained subdued so far this year, mirroring the trend in other major cryptos

BNB is one of the top five assets on CoinMarketCap list, and its high market cap arguably owes to the token’s link with Binance exchange.

Another asset, Cronos (CRO), linked to exchange Crypto.com, has yet to become as big as BNB, but since it is ranked among top 20, it may be time to know more about it.

How is Cronos linked to Crypto.com?

CoinMarketCap states that the CRO token is the reincarnation of Crypto.com coin. The name Cronos comes from the blockchain network, which is a part of the Crypto.com ecosystem. Cronos is said to be interoperable between two major networks, Ethereum (ETH) and Cosmos (ATOM).

Crypto.com website mentions that CRO is the medium of exchange within Cronos. It is also highlighted that Cronos comes with “multichain” interoperability feature, besides having IBC facility. Cronos, the project claims, is an energy-efficient network as compared with proof-of-work networks like Bitcoin.

Also read: Dogelon Mars rises: Are Binance listing talks fueling ELON token surge?

What is CRO token's price?

As of writing, Cronos crypto’s trading volume had gained over the past 24 hours, but it did not translate into price gains. CRO token traded at nearly US$0.4.

Over nearly four months of this year, CRO token has traded in red after having begun with US$0.56 on January 1. The price even dipped to under US$0.35 in late-January.

Data provided by CoinMarketCap.com

Bottom line

CRO token has links with Crypto.com, similar to BNB having links with Binance. Though Crypto.com is a popular crypto exchange, it has not translated into a decisive bull-run in the price of CRO token. I

n the blockchain network space, Cronos is highlighting interoperability and low carbon footprint aspects. Considering its volatility, CRO token price prediction for the near-term could be speculative.

Also read: MDT crypto rises: What is Measurable Data Token ecosystem?

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