Crypto.com Raises Referral Reward to $100 per User and Adds In‑App Dashboard
Crypto.com has revamped its referral program, increasing CRO rewards and adding a dedicated in‑app dashboard to improve tracking and sharing. Both referrers and referees can earn up to $100 (in CRO) per successful referral, paid across tiered trading‑volume milestones within 30 days (example Tier 1 milestones: $100 → $5, $500 → $15, $1,000 → $25, $5,000 → $75). The program supports up to 100 successful referrals per user (max $10,000 CRO) and replaces a 2024 scheme that paid up to $50 per user. Enhancements include real‑time milestone tracking, improved referral-code/link sharing, masked friend data for privacy, jurisdictional reward caps, and mandatory KYC plus trading‑volume requirements for new users. Referral payouts scale with the referred user’s trading volume, tying incentives into Crypto.com’s broader CRO‑centric rewards ecosystem (staking and subscription benefits). Terms vary by region. For traders: expect potential near‑term CRO sell pressure from distributed rewards but improved user acquisition and higher early trading activity could support longer‑term CRO demand if new users convert to ongoing traders or stakers.
Neutral
The update increases CRO distribution to users via referral rewards and ties payouts to trading volume, which has mixed implications for CRO’s price. Short term, a meaningful issuance of CRO to many users (up to $100 per referral, up to 100 referrals) raises the likelihood of immediate selling as recipients convert tokens to fiat or other crypto, creating downward pressure. However, the program is structured to pay rewards across trading‑volume milestones and integrates with staking/subscription incentives, which can encourage new users to trade more and hold or stake CRO, supporting demand over time. The jurisdictional caps, KYC and milestone requirements also limit unrestricted giveaways. Net effect is balanced: probable short‑term sell pressure offset by potential medium‑to‑long‑term demand if user acquisition converts into sustained activity and staking. Therefore the expected market impact on CRO is neutral overall.