If you are seeking to list on exchanges like Crypto.com, it might also be good timing to understand that you might need some help from an experienced third party. A party, that partners with trading platforms and can guide you through often an uneasy listing process. An entity, that can advise you where to list first and tailor a strategic listing plan for your token project.
Empirica offers token projects support in planning their listings. We will guide you step by step in launching your markets and making them liquid from day one.
Facts about Crypto.com exchange
The company was founded in 2016 and initially, it was registered in Hong Kong under another name. It was known as Monaco. It was renamed to Crypto.com in 2018 after the company had purchased the relevant domain. Today, it is one of the most well-known centralized cryptocurrency exchanges in the world.
The platform is available to traders and investors in 90 countries.
Crypto.com has offices in 40+ locations across different regions, including Europe, Australia, Asia, and North America. At the current moment, its team unites 4000 employees. Investors can also use a Crypto.com app to access all the services.
And as of September 2022, Crypto.com is included in the top 15 largest crypto exchanges, according to Coingecko. The exchange offers its users access to 227 coins and 393 trading pairs (tokens paired to USD, USDT, BTC and Cronos – CRO).
Listing on Crypto.com
All new tokens that are planning to get listed on Crypto.com can do it by listing on a fundraising platform operated by the exchange. It is dubbed “The Syndicate”. The platform doesn’t take any fees for listing. Vice versa, it allows token projects to raise funds and build a strong community thanks to being introduced on the platform that already has a well-established reputation and a lot of users from many countries of the world.
The listing on The Syndicate can help to increase the utility of tokens as they can be spent via Crypto.com cards, provided as loan collaterals, and used on the Crypto.com Pay network.
Projects that will be chosen for listing on The Syndicate will have the possibility to allocate their tokens for sale with a discount of up to 50%. The proceeds from token sales will go directly to the projects.
Crypto.com’s score metrics
When choosing a venue for listing, it is crucial to check its reputation and general rank in comparison to other exchanges. A good choice is to check how CoinGecko, CoinMarketCap, and Nomics rate the exchange.
CoinGecko uses Trust Score, a rating algorithm evaluating the legitimacy of an exchange’s trading volume. Trust Score is calculated on a range of metrics such as liquidity, the scale of operations, cybersecurity score, and more. Crypto.com’s Trust Score is a max. 10. Only 10 out of more than 500 cryptocurrency platforms have a Trust Score of 10.
CoinMarketCap’s Exchange Score is based on the following factors:
- Web Traffic
- Average Liquidity & Volume
- the Confidence that the volume reported by an exchange is legitimate. Weights are assigned to the above-mentioned factors and a score from 0.0 to 10.0 is given to the Spot Exchange.
Crypto.com’s Exchange Score is 5.6.
Nomics’ metric is called Impact Score – and represents an exchange’s influence on the price of cryptocurrencies it trades. The score is a combination of web traffic, volume, and other factors.
Crypto.com’s Impact Score is 7.50.
The second Nomics metric, called Transparency Rating is B (good). Nomics explains the purpose of these scores as rating cryptocurrency exchanges by their willingness to provide auditable history.
CryptoCompare has established the notion of Top-Tier volume whereby investors can segment the market into higher and lower-risk volumes (A is the best and E is the worst grade).
Here’s current CyptoCompare’s classification of Crypto.com in comparison with other exchanges:
Listing on Crypto.com with our help
We can help you prepare for listing your token and managing liquidity on Crypto.com and other exchanges. The usual process looks like this:
- We set up a call to understand the phase of your project. The following points will be discussed:
- Are you already listed on DEXes or CEXes?
- What is the tokenomy of your project?
- Do you have a listing strategy for your token?
- We discuss the best possible liquidity strategy for your project.
- If we agree to set up a partnership, we introduce you to verified managers of one or more exchanges (listing support).
- After your project gets listed on an exchange, we help you build your markets on platforms.
Why do I need a market maker?
Managing a token startup is a real challenge. As a cryptocurrency project, you need to focus on building your products and services and leave liquidity to market makers.
A market maker will help you:
- deepen the liquidity on your token’s books and make them more stable – which helps mitigate the price fluctuations of your coin
- lower spreads between bids and asks so that the prices get fairer for investors; that reduces the cost of entering and exiting positions and encourages investors to trade your coin
In the 24/7 cryptocurrency markets, well-managed assets are supported by algorithmic market makers. They provide liquidity through market-making services, supported by fully automated software algorithms. Empirica’s liquidity products are reputable top-notch algorithmic market-making solutions.
SCHEDULE AN APPOINTMENT WITH US TO DISCUSS THE LISTINGS AND BUILDING THE LIQUIDITY OF YOUR MARKETS
WHERE IS CRYPTO.COM LOCATED?
It is headquartered in Singapore and has offices practically all over the world.
WHAT IS CRYPTO.COM’S DAILY TRADING VOLUME?
At the time of article writing (September 22, 2022), the 24h trading volume is close to $400 million, according to the data provided by Coingecko.
IN WHAT COUNTRIES IS CRYPTO.COM AVAILABLE?
Crypto.com is supported in 90 countries. Crypto.com also has a Visa Card that is available in Asia and the US. It is expected that the card will be introduced in other markets, including Canada, Australia, Brazil, and the EU.
WHAT IS TOKEN LIQUIDITY?
This term refers to the ease with which tokens can be swapped for other cryptocurrencies (other crypto assets or government-issued fiat currencies).
WHO ARE MARKET MAKERS?
A market maker is a company or individual that regularly buys and sells financial assets at a publicly quoted price to provide liquidity to the financial or digital asset markets. Their role is to satisfy market demand. Market making is also used as a profit generation trading strategy by hedge funds.
WHAT ARE THE BEST EXCHANGES TO BE LISTED ON?
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