Cronos (CRO) is the native cryptocurrency of the Cronos Chain, a decentralized, open-source blockchain developed to support DeFi, NFTs, and Web3 applications. It is designed to offer fast, low-cost transactions while maintaining compatibility with Ethereum-based applications through its EVM (Ethereum Virtual Machine) support. CRO is used within the Cronos ecosystem to pay for transaction fees, stake for rewards, and participate in governance decisions. By bridging the gap between various blockchain ecosystems, Cronos seeks to provide a scalable and user-friendly environment for developers and users alike.

Cronos operates as an EVM-compatible blockchain that leverages the Cosmos SDK for interoperability with other blockchains. This allows developers to easily port Ethereum-based decentralized applications (dApps) onto Cronos. The network uses a Proof of Authority (PoA) consensus mechanism, which combines decentralization with high transaction throughput and lower fees. CRO tokens are utilized for staking to secure the network, paying transaction fees, and participating in network governance. The interoperability of Cronos also enables smooth asset transfers between its ecosystem and other blockchains, enhancing its utility within the broader crypto space.

CRO serves multiple purposes within the Cronos ecosystem. It can be used to pay for transaction fees on the Cronos Chain, stake for network security and earn rewards, and participate in governance decisions by voting on protocol updates. The token also plays a key role in decentralized finance (DeFi) applications, enabling users to engage in yield farming, liquidity provision, and staking within various dApps. Additionally, CRO can be used for NFT purchases and trading within the Cronos ecosystem, further expanding its use cases across decentralized applications and platforms.

Cronos (CRO) was launched by Crypto.com, a major cryptocurrency platform, to support its blockchain ecosystem and expand into decentralized finance and Web3 applications. The Cronos Chain was introduced to offer faster and more scalable solutions for developers while maintaining compatibility with the Ethereum network. Over time, Cronos has grown to become a prominent player in the DeFi and NFT sectors, attracting numerous projects and developers. The network continues to evolve, focusing on enhancing interoperability, lowering transaction fees, and expanding its ecosystem to support a wide range of decentralized applications.

We update our Cronos to ARS currency in real-time. Get the live price of Cronos on Coinbase.

Assets that have a similar market cap to Cronos include RaveDAO, Bittensor, Toncoin, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Cronos is 42 billion.

Cronos ranks 21 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 98% of Coinbase users are buying Cronos. In other words, 98% of Coinbase customers have increased their net position in Cronos over the past 24 hours through trading.

Yes, Cronos is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Cronos guide.