Crypto.com Launches Crypto.com Sports in the U.S.
A groundbreaking platform that combines sports predictions with trading, available for U.S. users
Crypto.com has introduced the first-ever Sports Event Trading product, allowing U.S. users to trade predictions on sports outcomes, including the Super Bowl. Fully regulated by the CFTC, this product sets a new standard for sports trading in the cryptocurrency industry, accessible via the Crypto.com App and website across all 50 U.S. states.
Sports Meets Trading: A Revolutionary Concept
Crypto.com has unveiled Sports Event Trading, a first-of-its-kind product enabling users to trade predictions on sports events. This groundbreaking platform is available to all U.S. customers on the Crypto.com App and website, bringing a new dimension to sports engagement.
“Sports Event Trading offers an entirely new platform for U.S. users to engage nationwide,” said Kris Marszalek, co-founder and CEO of Crypto.com. “This unique financial product allows users to trade their prediction on the outcome of a sports event. It’s a fundamentally new concept for sports, and we’re thrilled to be the first regulated platform in the U.S. to offer it to our users.”
How Sports Event Trading Works
Users can participate by selecting the predicted outcome of sporting events and trading contracts tied to their predictions. Key features include:
Fully Regulated: Governed by the Commodity Futures Trading Commission (CFTC), ensuring compliance and user safety.
Wide Availability: Accessible in all 50 U.S. states through the Crypto.com App and website.
Market Overview: Traders can view the probability of outcomes based on live trading prices.
Quick Payments: Receive USD payouts one business day after event resolution.
Flexible Pricing: A variety of contract prices makes it accessible to traders of all budgets.
A Major Milestone for Crypto.com
The launch of Sports Event Trading marks another significant innovation from Crypto.com, which has already achieved major milestones, such as:
Launching UpDown Options and Strike Options, the first CFTC-regulated crypto derivatives products.
Partnering with PayPal for payment integration.
Becoming the world’s top USD-supporting exchange through the Crypto.com Exchange.
This new product reinforces Crypto.com's commitment to expanding its offerings and driving innovation within the cryptocurrency and trading industries.
Get Started Today
U.S. users can now explore the new feature at Crypto.com or through the Crypto.com App. With intuitive trading interfaces, clear market insights, and secure transactions, Crypto.com is paving the way for the future of sports trading.
Source: Crypto.com Sports
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Disclaimer
Build On Cronos is an affiliate partner of Crypto.com with a commission. Opinions expressed here are not financial advice. Please conduct your research before making any investment decisions. Crypto trading carries risk, and losses are your responsibility. Referral rewards are subject to Crypto.com’s App Referral Programme terms and conditions.