CRO Coin News: The latest updates on Crypto.com's native token CRO.

On May 21, 2025, Crypto.com announced that it has obtained MiFID authorization. This achievement marks a significant advancement for Crypto.com in providing a broader range of financial products in the European Economic Area (EEA). By obtaining approval from the Cyprus Securities and Exchange Commission (CySEC), Crypto.com completed its acquisition of A.N. Allnew Investments Ltd., enabling it to offer investment and ancillary services related to financial instruments such as securities, derivatives, and contracts for difference. Previously, Crypto.com had acquired MiCA authorization in January 2025, allowing it to provide passporting services in the EEA. The MiFID authorization further solidifies Crypto.com’s position as a regulated financial services provider in the region. With these regulatory achievements, CRO coin is expected to benefit from positive market sentiment, leading to a price increase.

CRO Coin Price Outlook: Market Sentiment and Technical Analysis

The CRO coin reached a high of $0.1 in the past three months and had previously reached $0.22 in December 2024. Currently, the CRO coin shows bullish potential, presenting an ascending triangle pattern. Technical analysis indicates that the momentum of the CRO coin is strong, with the potential to break through higher resistance levels in the future. Additionally, Crypto.com is continuously expanding its global licensing and registration portfolio through acquisitions of companies such as Fintek Securities Pty Ltd., Charterprime Ltd, Orion Principals Limited, and SEC-registered broker Watchdog Capital, LLC. These developments, coupled with broader market sentiment, may serve as major catalysts for the Cronos token (CRO).

CRO coin community vote to burn 50 million Tokens

On January 1, 2025, the Cronos team announced a proposal to burn 50 million CRO Tokens. This will be part of the total 150 million CRO Tokens that have been burned since the destruction mechanism was initiated. This action follows a previous proposal that regularly burns a portion of the CRO accumulated through emissions from the community pool at the protocol level of the Cronos POS chain. Community members have started voting on this proposal, and as of the voting start date on November 19, 2024, there were approximately 75 million Cronos Tokens in the community pool. The proposal suggests burning 50 million of these, which was worth about $8,917,642.56 at the time. If the number of “YES” votes exceeds the number of “NO” votes, these 50 million Tokens will be automatically transferred from the community pool to a “dead” address, thereby reducing the circulating supply of CRO.

CRO coin price analysis: Breakthrough resistance trendline

The price of Cronos broke through the 90-day resistance trend line on March 7, 2025. CRO price In the past three months, it has dropped by 60%, but on March 7, 2025, the CRO price showed resilience, preventing further decline and breaking through the long-term descending resistance trend line. Cronos also proposed a plan to reverse the destruction of 70 billion tokens to create a Cronos strategic reserve and restore the total supply to 100 billion. This proposal also aims to connect institutional liquidity pools through the Cronos Exchange-Traded Fund (ETF). If approved, this will be released linearly every month over the next five years. Although the Cronos price rose after the news was announced, it subsequently fell due to U.S. tariffs on Mexico and Canada.

CRO coin price soared by 60%, market analysts call it the next “BNB”

On November 8, 2024, the price of Cronos surged 60% in the past three days, a significant increase driven by a series of positive developments within the Cronos chain ecosystem. Cronos released its roadmap for 2025, outlining ambitious milestones that Crypto.com plans to achieve by the end of 2025, including the launch of stock and ETF trading, the release of the Crypto.com stablecoin, the application for Cronos exchange-traded funds (ETFs), and the planned destruction of CRO tokens. Additionally, Cronos announced the expansion of its strategic partnership with Google Cloud, which will join the Cronos chain as a validator. This news further propelled the rise in CRO prices, breaking a 238-day downward trend.