Crypto.com said today that it would provide qualified users with access to banking services via partner banks, as well as credit card and equity services through the Crypto.com family of enterprises, all backed by its most substantial benefits package to date, Level Up.
With a progressive benefit structure, Level Up will offer consumers the most extensive cryptocurrency and financial rewards under a single brand, Crypto.com. Level Up will reward users for all of its current core product offerings as well as its impending forays into credit cards, stocks, and equity options, as well as partnerships with banks that will offer banking services like savings and deposit accounts.
Kris Marszalek, CEO of Crypto.com stated:
“When I think about what made Crypto.com the leading global crypto platform, it is easy to point to our sports partnerships, like the iconic Crypto.com Arena, or our signature brand campaigns. While these certainly contributed to our brand visibility, we were known by our users and community as the place with the best product offering and the highest rewards. Today’s Level Up product announcement is a return to those roots.”
A variety of unparalleled rewards covering Crypto.com’s main and future product categories are presented via Level Up. Among Level Up’s highlights are:
Higher Level customers enjoy:*
Up to a 3% bonus on stock deposit transfers**
In the first year, 7.5% rewards are given on idle cash balances (after that, modified rates apply).
Up to 8% in uncapped rewards on Crypto.com Card spending in the first year (5% thereafter).
Extra lifestyle perks, including as priority customer service and exclusive access to Crypto.com’s sports and entertainment partners
And this is just the beginning; in addition to the expected product offers throughout the Crypto.com family of enterprises and third-party service provider services, the perks provided under Level Up will continue to expand dramatically.
Coming back to our roots of building with the community and for the community: here's our public roadmap for 2025.It covers key releases across crypto, stocks, banking and cards, all with heavy incentives with our Level Up program.Let me know what you think #crofam. https://t.co/PQGZSyj5fb
— Kris | Crypto.com (@kris) November 6, 2024
Stocks**: Through Watchdog Capital LLC, the stock market will soon enjoy the smooth trading experience that consumers have been used to from Crypto.com. Customers may manage all of their stocks and other assets in one location with Watchdog Capital LLC, which aims to provide commission-free access to securities. They can also add options to their trading portfolios to hedge or increase returns.
Banking Partners***: In collaboration with top global banking partners, Crypto.com is providing users with next-generation personal accounts that facilitate instant transfers to anyone, anywhere, remove hidden fees, offer high interest on idle balances, and support access to all product offerings—all from an easy-to-use interface.
Cards ****: Crypto.com, already the world’s leading prepaid card program in the cryptocurrency space, is about to assist in the introduction of a revolutionary credit card that will optimize rewards for regular purchases.
Eric Anziani, President and COO of Crypto.com stated:
“This product expansion represents our most aggressive push across traditional and digital finance and brings users to one simple app for industry-leading benefits through Level Up. We have built our foundation in security and compliance with industry-leading licenses and registrations around the world, and we are excited to now bring the Crypto.com family of companies into one simple app for equities, credit and access to banking services – all earning rewards for users in our new Level Up experience.”
Join Level Up in the Crypto.com App
Go here to find out more about Levels. By fulfilling the required criteria, current cardholders may upgrade to the new Levels experience.
In the future weeks, we will reveal more facts on the new Crypto.com credit card program, launch and eligibility information, and financial services offered by our bank partners.
In addition to its recent purchase announcement of an SEC-registered broker-dealer and member of FINRA and SIPC that will provide trading capabilities for stocks and equity options, this service extension represents Crypto.com’s most recent milestone into conventional financial services.
Rewards+ Program and Existing Card Program Updates
The current Card program perks linked to Rewards+ levels will end on December 5, 2024, as a result of Level Up’s debut. The other Rewards+ and current Card Program perks remain unchanged.
Our CRYPTO offering will evolve to include Rewards on Bitcoin, Margined Derivatives, Cronos AI Dev tools, and much more over the course of the next 12 months. These will be some of the biggest changes and debuts in our history.
However, it is just the start. Additionally, we’re significantly expanding our offerings to include:
STOCKS* – Buy and sell, with the goal to expand globally, and include stock options.
BANKING* – Yield on cash balances, and global transfers.
CARDS* – Prepaid card expanding worldwide, and adding a credit card.
The extent of this change is a logical progression for Crypto.com, a company that has always placed a high priority on security and compliance. Offering highly regulated services like these and being able to secure new kinds of funds fits in perfectly with our goal of giving our customers the greatest, most fulfilling experience possible in the industry as they maintain and increase their wealth.
We are providing the specifics of how it will be implemented over the next year because we are so thrilled about what is ahead. For further details, see our Roadmap 2025 page.