Crypto.com has gone through some big changes! The company, famous for it's crypto debit cards and app, where users can stake, buy and, exchange cryptocurrency, is also the developer of the CRO cryptocurrency.

The cryptocurrency has recently taken a big hit and lost over 50% of its value, even though it is one of the top cryptos with a marketcap of almost $1.5 billion as of writing.

What has happened?

The company has lowered the staking rates for the CRO cryptocurrency from 16%, one of the highest rates out there, to 10%.

It also increased the amount of CRO in staking required to obtain certain tiers of their crypto debitcards, they more than doubled!

Now while this looks bad at first, in my opinion the company is just trying to stay competitive as more and more companies join the crypto market.

The 10% staking rate is still very good and comparable to their competitors, and the changes to their debit cards are necessary to compete with new entrants such as Nexo and Binance.

Although it's never good when the value of a crypto drops by 50%, I think the sell off is overdone. The company has to change to keep it sustainable and profitable as it matures.

Once CRO finds a bottom it could be a unique opportunity to invest. Crypto.com has consistently kept developing their product and continued to add new features, which I think still gives it a lot of potential.

So how is the company dealing with this?

• The company has launched a defi wallet to help new users engage with defi.
• The supercharger feature was added, where users can stake CRO to receive certain cryptocurrencies at high interest rates.
• Added support for USD wire transfers.

I think these new developments will help entice new users and keep existing customers on the platform, and hopefully stabilize the CRO price.

Crypto.com is a huge company and their CRO cryptocurrency is still extremely popular. The company is definitely here to stay and I think the recent price change in CRO creates a unique opportunity for new and existing users to invest.

Thanks for reading and what do you think?

If you're interested in trying out Crypto.com, you can use code: bewfnfqwqp, here, and you will receive $25 of CRO!