Crypto.com and Trump Media finalized the deal that enables the US President Donald Trump-linked firm to launch cryptocurrency exchange-traded funds (ETFs).
The trading company will assist Trump Media in introducing ETFs that focus on cryptocurrencies and securities.
According to
Enthusiasts will watch whether Donald Trump will promote the ETFs as the entire deal confirms a substantial political undertone.
The exchange’s native coin saw a sharp jump following the announcement.
Cronos soared from a daily low of $0.08141 to $0.09266 – a 13.83% increase.
CRO trades at $0.09009 after a slight retracement from its 24-hour peak.
An over 180% uptick in daily trading volume supported Cronos’ sudden jump.
That indicates market trust in the alliance’s long-term effect on the altcoin’s growth.
CryptoReport founder believes CRO’s surge to $1 is inevitable.
$CRO to a $1 price is still happening in case you were wondering.
At least that’s what I believe….
Do you?
That would mean an approximately 1,000% surge from the token’s current price.
Retail and institutional investors will likely accumulate the native coin as a proxy investment in the new ETFs.
The post CRO price jumps 14% as Crypto.com seals crypto ETF deal with Trump Media appeared first on Invezz
