Bithumb Global is the world's largest cryptocurrency exchange, and it recently launched a digital asset exchange to reach markets outside of South Korea. This exchange offers fiat-to-crypto pairings and supports conversion and trading of multiple fiat and stable currencies. It also provides an extensive list of supported cryptocurrencies, as well as support for an ecosystem of cryptocurrency products. It's important to remember that the cryptocurrency market is volatile, and these investments are considered high risk.
The assets are subject to large price swings due to government actions and news. Recently, the CRO token had an astonishing one-day performance that nearly tripled the gains of the next best performer, Avalanche's AVAX token, which rose 12%. Bitcoin (BTC) and Ethereum's native cryptocurrency, ether (ETH), rose 0.8% and 0.9%, respectively. CRO is similar to Binance's BNB in that it grants exchange holders discounted trading fees and other benefits.
It is built on the Ethereum (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function. CRO currency holders will be able to enjoy benefits such as discounted fees, higher earnings on loans, and priority services. This flexibility allows users from various countries to easily purchase crypto with their local currency. Commissions are capped at 0.40% and decrease with a high trading volume or a significant holding of the CRO currency.
It also has its own blockchain where it acts as a cross-asset intermediary settlement layer using CRO tokens. These tokens can be used to obtain discounted trading prices and qualify for better rewards. The total supply of CROs is limited to 30 billion coins (after the 70 billion CROs burned in 2020), all of which were created when the blockchain went live, making it a non-minable cryptocurrency.