THE CRYPTO COMPANY

The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as "Monaco". In 2018, the company was renamed as Crypto.com after purchasing the domain name from cryptography researcher and professor Matt Blaze. Domain sellers valued the domain at US$5–10 million.

Crypto.com is operated by Foris DAX Asia, a Singapore-based company that's a subsidiary of Foris DAX MT (Malta) Limited. [ citation needed ]

The company which had 10 million users in February 2021, reported more than 50 million active users as of May 2022 and 80 million users as of June 2023.

In January 2022, Crypto.com was the victim of a hack totaling US$15 million in stolen Ether. After some users reported suspicious activity on their accounts, the company paused withdrawals. Withdrawal services were later restored alongside a statement from the company that no customer funds were lost.

On August 18, 2022, it was reported that Crypto.com had been quietly letting go of hundreds of employees, beyond its initial 5% layoff in June, due to the downturn in the cryptocurrency market. By October 10, 2022, it was reported that Crypto.com had laid off over 2,000 employees (reportedly 30% to 40% of their staff) since May, due to the cryptocurrency market downturn.

In November 2022, the partnership exchange's token, Cronos, lost approximately $1 billion in value. The decline was caused in part due to concerns after the collapse of FTX, whose executive team was revealed to have used its native token, FTT, to prop up the balance sheet of a sister company and to have allegedly engaged in other fraudulent behaviors. On 14 November, Marszalek, the firm's CEO, assured users that the exchange was functioning as normal.

On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions. The company's main retail trading service was unaffected. [ citation needed ] The change caused speculation that the Crypto.com Arena in Los Angeles would be renamed, but the company denied this.

In December 2020, Crypto.com acquired The Card Group Pty Ltd, securing an Australian Financial Service License. This acquisition was approved by Australia’s Foreign Investment Review Board, enabling Crypto.com to operate within Australia's regulatory frameworks. [ non-primary source needed ]

In December 2021, Crypto.com executed a sale and purchase agreement to acquire Nadex, a U.S.-based retail-focused, CFTC regulated online exchange, and the Small Exchange, known for offering simpler futures products. In October 2024, Crypto.com filed a lawsuit against the U.S. Securities and Exchange Commission after receiving a Wells notice from the same agency.

In December 2024, Crypto.com partnered with Deutsche Bank to offer corporate banking services in Singapore, Australia, and Hong Kong. Crypto.com also collaborated with Mastercard to expand digital payments in the GCC region.

Later that month, Crypto.com became the title sponsor of the Crypto.com Showdown, a golf match featuring PGA Tour players Rory McIlroy and Scottie Scheffler against LIV Golf players Bryson DeChambeau and Brooks Koepka, marking the first event to feature a crypto purse.

Also in 2025, the exchange launched services for institutional and advanced traders in the USA. Later that year, it introduced trading for stocks and ETFs.

In January 2025, Crypto.com received a Markets in Crypto Assets (MiCA) Licence and launched services for institutional and advanced traders in the USA.

In February 2025, the exchange launched the trading of stocks and ETF trading.

On 7 May 2025, Crypto.com opened a regional office in Washington, D.C., located near the White House, to build out its North America public and government affairs function and strengthen engagement with U.S. policymakers and regulators.

On 8 May 2025, Crypto.com Canada secured restricted dealer status, allowing it to continue providing crypto‑asset services across all Canadian provinces and territories while it pursues full registration as an investment dealer and membership with the Canadian Investment Regulatory Organisation (CIRO).

On 16 May 2025, Dubai’s Department of Finance announced a partnership with Crypto.com to allow government service fees to be paid using large‑cap cryptocurrencies, with payments securely converted into Emirati dirhams through the Crypto.com platform.

On 21 May 2025, Crypto.com acquired Cyprus‑based A.N. Allnew Investments Ltd to secure a Markets in Financial Instruments Directive (MiFID) license, enabling it to offer securities, derivatives, and contracts for difference across the European Economic Area.

On November 4, 2025, MyPrize announced a partnership with Crypto.com to launch MyPrize Markets, integrating Crypto.com’s CFTC-regulated prediction market contracts (on sports, politics, crypto, etc.) into its social gaming / sweepstakes casino platform.

In December 2025, Crypto.com entered into a partnership with DBS which allows Crypto.com users to deposit and withdraw Singapore Dollars and US Dollars via the bank. The cryptocurrency exchange platform will also be allowed to set up client money accounts for its customers.

On 3 February 2026, the company launched OG, a prediction market.

In February 2026, Kris Marszalek, co-founder and CEO of Crypto.com, bought the premium domain AI.com for about $70 million that became the largest publicly disclosed price ever paid for a website name, and announced plans to promote the purchase with a Super Bowl advertisement.

On 23 February, Crypto.com said that it had received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter, a first step for the company to become a federally regulated custodian.

In February, the Super Bowl LX advertisement for ai.com was ranked the most effective spot at the game across all categories by advertising analytics firm EDO, generating 9.1 times the median ad's consumer engagement based on brand searches, website visits, and app downloads.

On 3 March 2026, Crypto.com launched Crypto.com IRAs in the United States, the first crypto-native mixed-asset retirement account, allowing users to hold cryptocurrencies alongside equities and ETFs in a single tax-advantaged account.

On 17 March 2026, Crypto.com partnered with KG Inicis, South Korea's largest payment gateway with a 40% market share and over 400 million annual transactions, to enable foreign travellers to pay with digital assets via Crypto.com Pay across its merchant network.

In April 2026, Crypto.com's derivatives subsidiary, Crypto.com Derivatives North America (CDNA), entered into a partnership with High Roller Technologies to offer event-based prediction market contracts in the United States, covering finance, sports, and entertainment.

In May 2026, Crypto.com’s UAE entity, Foris DAX Middle East FZE, became the first virtual asset service provider to receive a Stored Value Facilities (SVF) licence from the Central Bank of the UAE, allowing it to offer regulated digital asset payments for government services. The licence enabled a partnership with Dubai Finance under which UAE residents could pay government service fees using digital assets, with settlements processed in UAE dirhams or dirham-backed stablecoins.

In June 2026, Crypto.com and its subsidiary, OG Prediction Markets, partnered with FanDuel Predicts. The partnership integrated Crypto.com's regulated clearinghouse infrastructure to expand FanDuel's event contract offerings.

In July 2026, Crypto.com reached a reported valuation of US$20 billion following an investment led by Citadel Securities, with participation from CapitalG and other investors.

Relationship with Donald Trump

By 2025, Crypto.com had donated $11 million to Trump-related causes. In 2025, the Securities and Exchange Commission closed an investigation into Crypto.com.

In August 2025, Trump Media & Technology Group announced a strategic partnership with Crypto.com. Under the agreement, Trump Media planned to integrate Crypto.com’s digital wallet into its platforms, including Truth Social, enabling the conversion of in-app “gems” into Cronos (CRO). As part of the deal, Trump Media agreed to acquire approximately US$105 million worth of CRO tokens, while Crypto.com committed to invest US$50 million in Trump Media stock.

On 5 September 2025, Trump Media completed the purchase of 684.4 million CRO tokens, valued at about US$0.153 per token. The acquisition was financed through a combination of cash and Trump Media shares, both subject to a lock-up period.

On October 28, 2025, Truth Social (Trump Media) announced Truth Predict — a prediction-market feature integrated via Crypto.com’s U.S. derivatives arm (CDNA) that lets users bet on real-world events like elections, interest rates, commodities, and sports.

As of August 2026, the organization spent $38.6 million in support of Republican candidates in the 2026 United States elections, donating $35 million to MAGA Inc. and $2.3 million to support the senate campaign for Republican Andy Barr.