Crypto.com

The business model centres on operating a multi‑product digital asset platform that intermediates between users, liquidity venues and payment networks. On the retail side, a custodial app offers fiat on‑ramp, crypto brokerage, simple yield products, card top‑ups and NFT access. For active traders, an exchange provides order‑book trading, leverage and API connectivity, while an OTC desk serves larger counterparties with block liquidity. A separate non‑custodial wallet and NFT marketplace extend the ecosystem into on‑chain and Web3 use cases, but still connect back to the core brokerage and exchange for funding. Prepaid Visa cards translate users’ crypto or fiat balances into spendable fiat at merchants. The company creates value by aggregating liquidity, simplifying access to crypto markets and DeFi, and integrating payments, trading and rewards into a single ecosystem, while using its native token to align incentives and tier benefits across products.

Crypto.com is a Singapore‑headquartered centralised cryptocurrency platform operated through entities such as Foris DAX. It provides a retail brokerage app, an order‑book exchange for spot and derivatives trading, a non‑custodial DeFi wallet, an NFT marketplace and a prepaid Visa card that enables spending of crypto via fiat rails. The group also runs OTC services for larger or institutional counterparties.

The company generates revenue primarily from trading and transaction fees, spreads on retail buy/sell flows, yield and liquidity spreads on staking and “Earn” products, NFT marketplace commissions, and card‑related interchange and programme economics. Its paying customers are mainly retail crypto users globally, plus higher‑volume traders and institutional clients that use its exchange and OTC services.