What Cronos Labs does

Cronos Labs is the operating entity behind the Cronos ecosystem, an EVM-compatible Layer-1 blockchain built in partnership with Crypto.com. The network is engineered for financial workflows, offering deterministic sub-second (500ms) block finality, median transaction fees under $0.01, and 100% EVM compatibility with Solidity, Foundry, and Hardhat tooling. Cronos Labs also operates the Cronos App, a mobile-first (iOS/Android) multi-asset trading platform that lets users trade stocks, cryptocurrencies, prediction markets, sports, politics, and commodities 24/7 with up to 10x buying power on every market and up to 20x leverage on supported positions; the app is currently in a public waitlist phase. Supporting infrastructure includes Cronos One, a unified onboarding platform that combines wallet top-ups, cross-chain bridging, and the Cronos Verify privacy-preserving identity attestation, as well as Morpho Vaults for DeFi lending and real-world asset collateralization. The ecosystem is the first network to integrate all three Circle products — native USDC, MiCA-compliant EURC, and the Cross-Chain Transfer Protocol (CCTP) — making USDC the dollar settlement layer for the Cronos App.

The company's customer base spans retail traders seeking consolidated multi-asset exposure with leverage, institutional traders requiring compliant high-performance blockchain infrastructure, Web3 newcomers in need of simplified onboarding, and DeFi users accessing Morpho Vaults and tokenized real-world assets. Distribution is anchored by Crypto.com's 150M+ registered user base, which functions as the primary acquisition channel, supplemented by owned social channels (X, Discord, Instagram, LinkedIn, Telegram), an email newsletter, and a mobile waitlist capturing early adopters. Revenue mechanics, once the Cronos App is generally available, are expected to come from transaction/spread fees on trading, financing spreads on leveraged positions (up to 20x), lending spreads on crypto earn (up to 12% APY) and cash earn (up to 4% APY), and interest income on portfolio-backed borrowing (up to 75% LTV); current operating revenue is not publicly disclosed.

Cronos Labs is a private subsidiary within the Crypto.com ecosystem, incorporated in Singapore with offices referenced in San Francisco, and operates with 51-100 employees. Under CEO Ryan Wyatt (appointed January 2025) and a refreshed leadership team including CPO Zain Bacchus and SVP of Growth Smit Vachhani, the company has executed a strategic shift from a generic EVM Layer-1 to a trading-first financial application platform, formalized through the Morpho and Circle partnerships, the Cronos One onboarding launch, and the in-progress Cronos App rollout. The CRO token trades publicly with an approximately $4B market capitalization as of January 2026, but Cronos Labs itself remains privately held with no disclosed funding rounds in the input data.

Name

Cronos Labs

Legal name

Cronos Labs

Website

https://cronoslabs.org

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Cronos Labs operates the Cronos EVM-compatible Layer-1 blockchain and the upcoming Cronos App, a mobile multi-asset trading platform for retail and institutional users, backed by Crypto.com's 150M+ users and integrated with Circle's USDC/EURC/CCTP stablecoin stack.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Trading Transaction Fees: Platform likely generates revenue through spreads and transaction fees on trading across stocks, crypto, and prediction markets
2. Leveraged Trading Products: Revenue from leveraged trading products (up to 20x) likely includes financing costs and spreads on borrowed capital
3. Earning/Passive Income Products: Crypto earn program offering up to 12% APY and cash earn up to 4% APY - revenue likely from lending spreads
4. Crypto Borrow: Portfolio-backed lending (up to 75% LTV) generating interest income on borrowed funds

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Cronos Labs operates the Cronos Network, an EVM-compatible Layer-1 blockchain delivering sub-second (500ms) block finality and sub-cent transaction fees, built in partnership with Crypto.com. It is developing the Cronos App, a mobile-first multi-asset trading platform for stocks, cryptocurrencies, prediction markets, sports, and commodities with up to 20x leverage. Cronos One provides unified Web3 onboarding via wallet top-ups, bridging, and identity verification (Cronos Verify).

Product overview

Cronos Labs offers a multi-layered product portfolio centered around the Cronos App (a mobile trading platform for stocks, crypto, prediction markets, sports, and commodities with up to 20x leverage), the Cronos One onboarding platform (featuring Cronos Verify for identity verification), and the underlying Cronos Network (an EVM-compatible blockchain with sub-second finality and sub-cent fees). The ecosystem is backed by Crypto.com's 150+ million users and integrates Circle's USDC, EURC, and CCTP for regulated stablecoin infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Cronos Network: EVM-compatible blockchain delivering sub-cent, sub-second 24/7 global settlement, built for financial services and tokenized real-world assets.
• Cronos App
• Cronos One
• Cronos Verify
• CRO

Products and services

• Cronos App A mobile-first multi-asset trading platform enabling individual and institutional users to trade stocks, cryptocurrencies, prediction markets, sports, and commodities with leverage up to 10x spot and up to 20x. Features 24/7 markets, personalized feeds, easy deposits, instant withdrawals, and passive income via crypto/cash earning programs.
• Cronos Network An EVM-compatible Layer-1 blockchain delivering sub-cent, sub-second 24/7 global settlement, built for financial services and tokenized real-world assets. Features include 0.5 second block time, less than $0.01 median fees, 100% EVM compatibility, and is backed by Crypto.com's 150+ million registered users.
• Cronos One An integrated Web3 onboarding platform that simplifies entry for new and multi-chain users into the Cronos ecosystem, providing identity verification, wallet funding, and asset bridging capabilities at one.cronos.org.

Quantifiable outcome

• 150M+ users backed by Crypto.com
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• CirclecoreTechnology or Integration · 25 June 2026Circle is bringing native USDC and EURC stablecoins along with its Cross-Chain Transfer Protocol (CCTP) to the Cronos blockchain. This marks the first network integration of all three Circle products simultaneously, providing regulated 1:1-backed stablecoin infrastructure. Native USDC will serve as the dollar settlement layer and EURC offers MiCA-compliant euro-denominated options. The rollout aligns with the Cronos App mobile platform launch.
• MorphocoreStrategic or Co-development Partner · 1 October 2025Cronos (CRO), Morpho, and Crypto.com are partnering to expand DeFi lending and tokenization on the Cronos network. Morpho Vaults are planned to launch in late 2025, aiming to increase DeFi access for users globally and incorporate real-world assets as collateral. The collaboration enhances the DeFi ecosystem on Cronos.
• Crypto.comflagshipStrategic or Co-development Partner · 1 October 2025Crypto.com is the founding partner of Cronos, having built the EVM-compatible Layer-1 blockchain in partnership. The ecosystem leverages Crypto.com's 150+ million registered users, with native USDC used for deposits and settlements in the Cronos App. Crypto.com provides the primary user base and distribution channel for the Cronos ecosystem.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Solana Labs: Solana operates a high-performance EVM-equivalent Layer-1 blockchain targeted at consumer and trading applications with sub-second finality and low fees — directly comparable to Cronos Network's value proposition as a trading-first L1.
• Avalanche: Avalanche is an EVM-compatible Layer-1 blockchain focused on financial applications, tokenized real-world assets, and sub-second finality — a direct comparable to Cronos Network's positioning around financial-services-grade L1 infrastructure.
• Polygon Labs: Polygon operates EVM-compatible Layer-1/Layer-2 blockchain infrastructure targeting enterprise and consumer applications with low fees — a direct comparable to Cronos Network's EVM-compatible, low-cost L1 offering.

Broad incumbents

• Crypto.com: Crypto.com is the parent company and founding partner of Cronos Labs, and a broader-incumbent crypto exchange offering trading, cards, and DeFi — comparable as the broader ecosystem Cronos plugs into and as the dominant retail crypto brand anchoring Cronos's distribution.
• Coinbase: Coinbase is a publicly listed retail crypto trading and exchange platform that also operates its own Layer-2 (Base) — broadly comparable as a multi-asset crypto trading platform with regulated infrastructure competing for the same retail-trader segment as the Cronos App.
• Robinhood: Robinhood is a multi-asset retail trading platform offering stocks, crypto, and prediction markets with mobile-first UX — broadly comparable to Cronos App's planned offering of stocks, crypto, and prediction markets in a single mobile experience.
• BNB Chain: BNB Chain is an established EVM-compatible Layer-1 blockchain operated by Binance with massive retail user base and low fees — broadly comparable as an incumbent low-cost, EVM-compatible L1 with strong consumer distribution.

Emerging players

• Sui Foundation: Sui is an emerging high-performance Layer-1 blockchain targeting consumer and financial applications — comparable as a newer L1 competing for the same developer and DeFi mindshare as Cronos.
• Aptos Labs: Aptos is an emerging Layer-1 blockchain with Move-based smart contracts targeting financial and consumer applications — comparable as a newer L1 competing for the same financial-services developer mindshare.

Others

• Circle: Circle is a strategic infrastructure partner whose USDC, EURC, and CCTP products Cronos integrates — adjacent/comparable as the regulated stablecoin layer Cronos depends on for settlement and the RWA thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cronos_chain
• LinkedInlinkedin.com/company/cronosapp
• Instagraminstagram.com/getcronos

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cronos Labs