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Cronos (CRO): A Complete Guide to What It Is and How It Works

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Written by
Shilpa Lama

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Edited by
May Woods

21 March 2024 11:36 UTC
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Cronos is an ambitious project looking to establish itself as the infrastructure layer of an open metaverse. CRO is the native cryptocurrency in the Cronos ecosystem. In this Cronos explainer, we look at the project in-depth, considering what makes it unique and the long-term potential of CRO as an investment choice.

Methodology

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In this guide:

Coinbase

Best for newbies
Availability
100+ countries
Fee
From 0.00% to 0.40% for maker fees, and 0.05% to 0.60% for taker fees.
Supported assets
Nearly 400 trading pairs
Demo account
No

OKX

Popular for low fees and passive income opportunity
Availability
E.U. and 100+ countries
Fees
Up to 0.1% for trades, 0 deposit fees
Supported assets
BTC, ETH, GALA, DOGE, etc
Demo account
Yes
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KuCoin

Best for buying and trading altcoins like CRO
Availability
100+ countries
Trading fees
Starting from 0.1%
Supported assets
100+ assets
Demo account
Yes

Gate.io

Best for its range of offerings with 1,000+ trading pairs
Availability
100+ countries
Fees
Fees depend on your VIP tier (based on 30-day trading volume).
Supported assets
1,000+ trading pairs
Demo account
Yes

“Cronos is designed to support the creator economy with web3 applications such as DeFi and GameFi, ultimately serving as the foundational infrastructure for an open metaverse. Cronos is designed to serve the next billion web3 users and to help them experience the full promise of self-custody of their digital assets.”

How is Cronos different from Ethereum?

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