Crypto.com Acquires Companies That Will Strengthen Their Position In The Next Cycle!

Kris at crypto.com said on Twitter or now "X" that if anyone is a founder of a company that would be a great strategic fit, contact him.

So what does that mean and why would crypto.com do such thing "strategy" nobody knows what the next crypto cycle is going to look like or what it is going to be driven by. But companies are getting ready for some kind of competition. There is no doubt that Crypto.com has established itself very well not just with the large amount of users, but also from the regulatory side!

All the fud and lawsuits that have been looming upon almost every big crypto company will most likely have an effect in the next cycle, when it comes to reputation and where people will most likely go. I doubt that FTX. 2.0 will have any success if they launch at all. Binance will do well regardless although they have lost a lot of market share due to regulations, but that was the whole point of those regulations, to take away form Binance as much of the market share as possible!

But Going Back to Crypto.com who did they acquire already and what type of companies they are looking to acquire? NFT, AI, Banking? Maybe there will be a new type of hype projects with a new brilliant idea that they will try to sell to us for the time of the cycle?

I only know that they have acquired NADEX in December of 2021 and according to their website:

Crypto.com, the world’s fastest-growing cryptocurrency and financial services platform, today announced that it has executed a sale and purchase agreement to acquire the North American Derivatives Exchange® (Nadex®)  — a leading U.S.-based retail-focused, regulated online exchange and clearing house offering derivative products on some of the world’s most heavily traded markets — and the Small Exchange — a revolutionary futures exchange offering smaller, simpler products also aimed toward retail customers.

 So who is going to be next, and what others do? might be worth checking out what is happening behind the scenes and who is buying whom what kind of crypto related companies are in demand...

All The Best,

Aventurine!