What is Com Coin (CRO) and How Did it Reach an All-Time High on Coinbase?

Starting today, Tuesday 2 November, users can transfer Com Coin (CRO) to their Coinbase Pro account before trading. Coinbase already supports trading in Tether, which competes with its own stablecoin, USD Coin, but has so far steered clear of assets issued by other centralised exchanges. The token has nearly quadrupled in value in November, dramatically outperforming the cryptocurrency market overall. The week's top cryptocurrency news, delivered straight to your inbox A selection of cryptocurrencies in the top 50 by market cap.

Find out how specific cryptocurrencies work and get a taste of each crypto to try it out for yourself. But listing on a rival exchange represents something of a coup. Coinbase declined to comment on the CRO listing. However, it referred to recent statements by CEO Brian Armstrong, who said, "We want to be the Amazon of assets, to list all assets that are legal." The cryptocurrency Com Coin (CRO) broke out with an all-time high after a period of accumulation and creating expectations of a rebound.

The immediate reason for the rally is the new Coinbase listing, where trading is taking off and adding to CRO price discovery. Many or all of the products here are from our partners who pay us a commission. But our editorial integrity ensures that our expert opinions are not influenced by compensation. Terms may apply to offers appearing on this page.

The CRO is now trading with the most activity since the previous peak in April, and this time opens up the opportunity for a further rise in price discovery. Cryptocurrencies often rally after trading on the Coinbase exchange, and CRO has become the latest coin to reach a new all-time high. CRO is your token, which customers can use to get discounted trading prices and qualify for better rewards. We have launched asset information pages (see CRO and SUKU), as well as a new section of the Coinbase website to answer common questions about cryptocurrencies.

Coinbase customers can now trade, send, receive or store CROs and SUKUs in most Coinbase-supported regions, with certain exceptions noted on each asset page here. Com Coin (CRO) recently experienced an all-time high after a period of accumulation and setting up expectations of a rally. Like Binance Coin, users of the exchange receive rewards in CRO and can use the asset to pay for discounted services. The reason is that Binance delisted the old MCO asset, and decided not to redistribute the new CRO token.

Due to regulatory reasons, Binance has not yet re-listed CRO and there are no signs of a possible re-listing. According to data obtained from Coingecko, more than 20 percent of the trading volume came from Coinbase, indicating that traders and investors are moving some of their CRO coins to the Coinbase exchange. The uptick in CROs is exceptional because some cryptocurrency trading platforms do not list their competitors' native coins.

Faisal Abdul
Faisal Abdul

Extreme internet specialist. Wannabe twitter junkie. Friendly zombie geek. Freelance twitter buff. Professional student. Passionate tv evangelist.

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