Company Profile
| Parent Company | Foris DAX Asia Pte. Ltd. (subsidiary of Foris DAX MT Limited, Malta); operated by multiple Foris entities globally (Crypto.com Licenses, Wikipedia) |
|---|---|
| Ownership | Private; major shareholders not publicly disclosed, founded by key individuals (BYDFi, Wikipedia) |
| Headquarters | Singapore (Wikipedia, LinkedIn) |
| Founded | 2016 |
| Founders | Bobby Bao, Gary Or, Kris Marszalek, Rafael Melo (Wikipedia) |
| CEO / Leadership | Kris Marszalek (CEO) (Yahoo Finance, LinkedIn) |
| Employees | ~4,000 (Wikipedia, YouTube) |
Funding and Valuation
| Funding | Launched venture arms: $200M (2021), expanded to $500M (2022); no major external VC rounds for core company disclosed (TechCrunch) |
|---|---|
| Revenue / Valuation | 2024 revenue: $1.5B (net profit ~$300M after $700M marketing); valuation/revenue estimates vary (e.g., $645M annual est.); CRO token market cap ~$3.9B (Dec 2025) (CryptoSlate, Quantumrun) |
Licensing and Regulation
Extensive global licenses incl... no specific numbers listed ([C...
Extensive global licenses including Singapore Major Payment Institution, US Money Transmitter/Broker-Dealer/DCO/DCM, UK Electronic Money Institution, Australia Financial Services, MiCA Class 2 in EEA, etc. Full list at Crypto.com Licenses / no specific numbers listed (Crypto.com Licenses)
Native Token
Cronos (CRO) - native token of Cronos blockchain, used for fees, staking, platform perks (Crypto.com)
Regulatory History
€2.85M AML fine Netherlands (Oct 2023, for unregistered ops 2020-2022)
SEC Wells notice & lawsuit (2024, closed no action Mar 2025)
Nevada gaming lawsuit (Jun 2025) over event contracts (ACAMS, Crypto.com)
Security Track Record
- $34-35M hack (Jan 2022): 483 users, ~4,800 ETH & 440 BTC stolen (reimbursed)
- unreported data breach by Scattered Spider (~2022, personal data only, no funds lost)
- potential Dec 2025 data leak reported on Reddit (Forbes, Yahoo)
| Proof of Reserves | Ongoing PoR process with Merkle Tree verification; last detailed audit Dec 2022 by Mazars (100%+ reserves for BTC, ETH, etc.); claims 1:1 backing continuously available (Crypto.com PoR) |
|---|
Sister Brands
Crypto.com App, Exchange, Onchain wallet, NFT marketplace, Cronos blockchain, Crypto.com | Derivatives North Americarelated Foris DAX entities (Wikipedia)
Key Events
2016
Founded as Monaco (HK), rebranded 2018
2021
10M users
2022
Crypto.com Arena naming ($700M/20yr)
$35M hack (reimbursed)
2023
80M users
2024
100M users, $1.5B rev
2025
Strategic partnerships (21Shares, Pineapple), sports sponsorships (UFC, F1, UEFA, PGA), MiCA licenses, SEC closure
2026
Continued expansion (Wikipedia, Crypto.com)