is not only a crypto trading platform with a great name, it also has its own coin called crypto.com coin. Crypto.com Crypto.com platform which supports its own coin is fast becoming one of the popular platforms to buy and sell your cryptocurrency. From its , Crypto.com has been making strides to differentiate itself and take a slice of the market. inception in 2016 Currently, the Singapore exchange company supports over 10 million users and 3,000 employees. It has secured some very impressive partnerships deals with the , , , ., , , and the most notable is the purchase of naming right to the . UFC Formula one Lega Series A Paris Saint-Germains F.C the Philadelphia 76ers Montreal Canadiens Los Angeles Staples Center The deal with the Los Angeles Staples Center was a reported that changes the name of the center to Crypto.com for 20 years. 700 million dollar acquisition Considering the aforementioned achievements, it is appropriate to question why crypto.com is currently at and yet to demolish the one-dollar mark. 0.7507 One can become even more worried for crypto.com when juxtaposed with its competitor . Binance Binance started just one year after Crypto.com in 2017, it also has its own coin called Binance coin. However, the Binance coin is currently at with a market cap of . Those numbers show a clear difference from Crypto.com. $631.52 per coin $103 billion Price Disparity Between Crypto coin and Binance coin. What could be the cause of such huge price disparity between Binance coin and Crypto coin? There are several factors, but I will point out some critical ones. One possible factor is that Binance is still a private company that has a total of , with still the largest shareholder. $1B in funding CEO CZ Zhao The company also only uses one-fifth of profits to repurchase and permanently in their treasury. burn Binance coins Lastly, Binance has been aggressively acquiring new markets by securing to operate all over the world. licenses Crypto.com on the contrary is a public company that has raised a relatively meager total of $26.7 million in round one funding. It also raised an additional $200 million under its crypto fund. However, it is evident that most of those funds, including their profits may have been diverted into potentially lucrative partnership deals. With such strategic partnerships, I believe that in five years, Crypto.com coin will surpass the top trading platforms such as Binance and . Coinbase Also published here: https://libranews.com/2021/11/26/will-crypto-com-coin-meet-expected-growth-after-sponsorship-deals/
