Crypto.com introduces financial services and rewards program

Crypto.com will add banking, credit cards and stock trading services to its services next year.

Crypto.com today announced this significant expansion as part of its new Level Up rewards program. The Singapore-based platform aims to be a one-stop shop for both crypto and traditional finance.

The Level Up program offers a tiered rewards structure that includes privileges on bank deposits, cash balances and new Crypto.com credit card spending.

Going back to our roots of building with and for the community: here is our overall roadmap for 2025.

It covers major releases across crypto, stocks, banking and cards, all with hefty incentives under our Level Up program.

Let me know what you think #crofam. https://t.co/PQGZSyj5fb

— Kris | Crypto.com (@kris) 6 November 2024

Key benefits include up to 7.5% rewards on idle cash balances in the first year and up to 8% rewards on credit card spending. With this program, Crypto.com aims to attract the attention of users by offering a wide range of financial services under a single application.

CEO Kris Marszalek stated at X that with this portfolio, Crypto.com could cover “everyday banking and cards” and “onboard millions of new users even in down markets.”

Defi enters TradFi systems

Here’s a breakdown for customers unfamiliar with crypto: Traditionally, users hold crypto to invest or digitally transfer value. However, platforms such as Crypto.com and Coinbase are now building bridges to traditional finance and offering services such as banking and stock trading within the same ecosystem.

By partnering with banks and brokerages, Crypto.com brings stock trading, banking accounts and high-interest cash balances into a single app.

Crypto.com aims to increase its reach by combining traditional financial services with crypto and deliver a seamless financial experience on a single platform, backed by comprehensive rewards on Level Up.