Crypto.com is growing quick when will mco and cro crypto follow.

Crypto.com is growing quick when will mco and cro crypto follow.

By edexter | Dexter's finance musings | 11 Jun 2020


Crypto.com is growing quickly going from 1 million customers last month to two million customers this month. 

One of the factors that may be at work is the free Spotify and other benefits of the credit card with mco staking.  Looking at the price of mco doesn't appear to see that huge demand increase.  Possibly from speculators releasing coin.

 One of the things that I have noticed is that it is very hard to get new money into crypto.com.  I had 4 checking accounts that didn't have a way to make a deposit.  You need to set it up from something like a brokerage account like interactive brokers or do extensive research to find a checking account that can work with it.

One of the factors that could be playing into the recent growth spurt could be pax gold.  Pax gold added a product that speaks to a different group of people when you add 4 to 6 percent interest to it.  It is possible that alot of these customers are not all that interested in the mco token but are interested in the other token.

Looking at the planned changes I am noticing mco may be used as calaterial for new loans.  That could possibly add more demand or just a huge jump in accounts could increase the awareness of the debit card and therefore increase the amount of mco that is staked.

Cro on the other hand is used to get discounts in trading and is staked to get discounts on crypto.  One of the things that slows this idea down is that China and the united states are excluded from the offers.  

If you wish to try it out use my referral link https://platinum.crypto.com/r/jwdsryp7mk to sign up for Crypto.com and we both get $50 USD :) 

 

 

 


edexter
edexter

Long time invester working at a meat packing plant.


Dexter's finance musings
Dexter's finance musings

This is just a blog about whatever my latest speculation is. Mining stocks, crypto or even bonds at times

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.