We’re excited to announce that the Crypto.com App now supports deposits and withdrawals on Cronos network.
Crypto.com App Users can now enjoy faster, cheaper, and safer transfers for CRO, ETH, WBTC, USDC, USDT, and DAI via Cronos. Look out for more tokens to come.
What is Cronos?
Cronos is the EVM chain running in parallel to the Crypto.org Chain. It aims to massively scale the DeFi ecosystem, by providing developers with the ability to rapidly port apps from Ethereum and EVM-compatible chains, with funding from Particle B’s $100 million EVM fund and access to the 10 million user base of the Crypto.com ecosystem.
Cronos offers the following advantages as Crypto.org’s parallel chain:
- EVM Compatibility. Cronos is built on Ethermint, which supports rapid porting of apps and smart contracts from Ethereum and other EVM-compatible chains.
- Scalability. Cronos can process more transactions per minute than Ethereum, making it faster, cheaper, and greener to execute smart contracts.
- Interoperability with Many Blockchains. The Inter Blockchain Communications (IBC) protocol enables interoperability and bridging to the Crypto.org Chain, and other IBC-enabled chains, such as Cosmos Hub.
Find out more on Cronos by visiting https://cronos.crypto.org/.
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