OK, if I/we, you start your own coin, do a ICO, initial coin offering… The question is what use cases does it have, what value?

Who owns crypto.com

Crypto.com was founded in Hong Kong in 2016 under the name “Monaco” by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. In 2018, the company underwent a significant rebranding, adopting the name Crypto.com after acquiring a highly valued domain name from cryptography researcher and professor Matt Blaze. This strategic move signified a broader ambition in the cryptocurrency space, positioning the company as a key player in the industry. The firm is operated by Foris DAX Asia, a Singapore-based company, which is a subsidiary of Foris DAX MT (Malta) Limited. Over the years, Crypto.com has expanded rapidly, growing its user base and launching various cryptocurrency-related services.

However, based on information from other sources, it’s known that Crypto.com, a significant player in the cryptocurrency exchange space, has made various strategic moves and partnerships to establish its presence in the market.

Crypto.com’s CRO token exists on both its mainnet and as a secondary token on the Ethereum blockchain. As of late 2022, there were over a million CRO token holders on the mainnet and around 283,000 on the Ethereum blockchain. The distribution of these tokens is quite varied, with the top 10 holders controlling a significant percentage of the total supply, especially on the Ethereum blockchain. This concentration has implications for the market dynamics of the token.

Additionally, Crypto.com has been active in securing regulatory approvals in various regions, such as receiving in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution License and approvals in South Korea, the United Kingdom, Cyprus, and France. These approvals are critical for Crypto.com to operate legally and offer its services in these regions.

These developments are part of Crypto.com’s broader strategy to expand its influence in the cryptocurrency market, which includes partnerships with educational and sports organizations, acquisitions, and regulatory compliance efforts across different countries .

Crypto.com is owned and operated by Foris DAX Asia, a subsidiary of Foris DAX MT Limited based in Malta. The platform was initially launched as ‘Monaco’ in 2016 by co-founders Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. In 2018, the company underwent rebranding to become Crypto.com. This change marked a significant step in its evolution to become a prominent player in the cryptocurrency exchange and financial services sector oai_citation:1,Crypto.com – Wikipedia.

For more detailed information about the company and its ownership, you can visit their official website or refer to their corporate announcements.