Crypto.com slashes staking rewards as user numbers top 5 million

Crypto.com slashes staking rewards as user numbers top 5 million


Prominent crypto exchange and debit-card provider, Crypto.com, has surpassed five million users for the first time. The milestone comes only three months after the platform first exceeded three million users. 

Crypto.com has seen accelerated growth since the platform hit one million users in Sep 2019 and tripled its user base over the following nine months.

Crypto.com co-founder and CEO Kris Marszalek said the company plans to continue “aggressively” increasing its user base, noting that the platform is targeting 15 million users “by the end of 2021,” adding: 

“Our longer term strategic goal is to reach 100m users in the Crypto.com ecosystem within 5 years.”

Not every one of those five million users are celebrating the milestone, with the news coming hot on the heels of a 70% reduction in staking rewards for its CRO token announced 24 hours earlier.

Users with 5,000 or more CRO (approx. $690) staked for 180 days can now only earn 6% per

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