{"id":67423,"date":"2025-05-19T14:29:41","date_gmt":"2025-05-19T14:29:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67423"},"modified":"2025-05-19T14:29:41","modified_gmt":"2025-05-19T14:29:41","slug":"cro-dumps-by-6-daily-despite-this-major-partnership-details-here","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67423","title":{"rendered":"CRO Dumps by 6% Daily Despite This Major Partnership: Details Here"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

A new collaboration aims to give American investors additional options to gain exposure to CRO.<\/span>
\nDespite the disclosure, the token\u2019s valuation is down 6% for the day, coinciding with the broader decline of the digital asset market.<\/p>\n

<\/a><\/span><\/h2>\n

The Deal\u2019s Specifics<\/h2>\n

The popular cryptocurrency exchange Crypto.com<\/span> shook hands<\/span><\/a> with the<\/span> investment management firm <\/span>Canary Capital<\/span> to establish the Canary CRO Trust.<\/span><\/p>\n

The financial vehicle is designed explicitly for eligible individual and institutional accredited investors in the United States <\/span>and will<\/span> provide them with exposure to CRO \u2013 the native token of the Cronos network.\u00a0<\/span><\/p>\n

Steven McClurg, CEO of Canary Capital, praised Crypto.com for its efforts to \u201cset the bar for what it means to bring institutional-grade access to crypto markets.\u201d <\/span>He thinks the initiative will increase <\/span>the demand for CRO and \u201cwill<\/span> reflect the broader success\u201d of the platform.<\/span>\u00a0<\/span><\/p>\n

Eric Anziani, President and COO of Crypto.com, said that providing traders with additional options to engage with the digital asset sector is \u201ccentral\u201d to the company\u2019s vision.\u00a0<\/span><\/p>\n

\u201cWe are incredibly excited to partner with Canary Capital to enable more investors in the U.S. to contribute to the Cronos journey ahead,\u201d he added.\u00a0<\/span><\/p>\n

CRO Heads South<\/span><\/h2>\n

Despite the announcement, the price of CRO remains in red territory on a daily scale. <\/span>Currently,<\/span> it trades at around $0.09 (per CoinGecko\u2019s data), representing a 6% decrease on a 24-hour scale.<\/span><\/p>\n

<\/a>CRO Price, Source: CoinGecko<\/p>\n

One likely reason contributing to the downtrend is the overall decline of the <\/span>entire<\/span> cryptocurrency market observed in the past several hours. Recall that bitcoin (BTC) surged past $107,000 but was violently <\/span>rejected<\/span><\/a> and was pushed south to under $102,500. Ethereum (ETH), Solana (SOL), Cardano (ADA), and many other leading altcoins also dropped, registering even bigger daily declines than the largest <\/span>cryptocurrency.\u00a0<\/span><\/p>\n

It is worth noting that CRO\u2019s price reacted much more positively and spiked by double digits following Crypto.com\u2019s previous partnership, inked in March. Back then, the company <\/span>teamed up<\/span><\/a> with Trump Media and Technology Group (TMTG) \u2013 the media company whose majority owner is US President Donald Trump.\u00a0<\/span><\/p>\n

Their goal is to launch certain exchange-traded funds (ETFs) and exchange-traded products (ETPs) with BTC and CRO as underlying cryptocurrencies.<\/p>\n

\u201cWe aim to create inventive funds incorporating firms that concentrate on rapid growth, technological innovation, and strengthening the U.S. economy, unencumbered by woke nonsense and political posturing,\u201d TMTG\u2019s CEO Devin Nunes stated at the time.<\/p>\n

The post CRO Dumps by 6% Daily Despite This Major Partnership: Details Here<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR A new collaboration aims to give American investors additional options to gain exposure to CRO. Despite the disclosure, the token\u2019s valuation is down 6% for the day, coinciding with the broader decline of the digital asset market. The Deal\u2019s Specifics The popular cryptocurrency exchange Crypto.com shook hands with the investment management firm Canary Capital […]<\/p>\n","protected":false},"author":0,"featured_media":67424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67423"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67423"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67424"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}