Crypto.com

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Crypto.com
Founded June 2016; 8 years ago (2016-06)
Founders Bobby Bao
Gary Or
Kris Marszalek
Rafael Melo
Headquarters 111 North Bridge Road #08-19 Peninsula Plaza 179098, Singapore
Products Cryptocurrency exchange, cryptocurrencies
Number of employees
 4,000 (2022)
Website crypto.com

Crypto.com is a cryptocurrency exchange app based in Singapore. As of 2022, the app has 50 million users and 4,000 employees.[1]

History

The company was initially founded by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as "Monaco".[2] In 2018, the company was renamed as Crypto.com following a purchase of a domain owned by cryptography researcher and professor Matt Blaze. Domain sellers valued the domain at USD$5-10 million.[3][4]

Crypto.com is operated by Foris DAX Asia, a Singapore-based company[5] that's a subsidiary of Foris DAX MT (Malta) Limited.[citation needed]

In January 2022, Crypto.com was the victim of a hack totaling $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.[6]

Sponsorships

Crypto.com has notable sponsorship deals with the international car racing championship Formula One, the Italian association football league Serie A, the MMA promoter UFC, the French football team Paris Saint-Germain F.C., the American NBA basketball team the Philadelphia 76ers,[7] the Canadian NHL ice hockey team the Montreal Canadiens,[8] and the charity organization Water.org.[9] The Water.org partnership included signing its co-founder, actor Matt Damon, to serve as Crypto.com's brand ambassador.[10]

In November 2021, the company acquired the naming rights to Los Angeles's Staples Center, renaming it Crypto.com Arena in a 20-year deal reported to be valued at US$700 million.[8][11]

In March 2022, the company became a sponsor for the 2022 FIFA World Cup in Qatar.[12]

References

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  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.

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