Users can earn up to 8% in uncapped rewards on Crypto.com Card spending initially, with rates tapering to 5% in later years.
Crypto.com is set to significantly broaden its financial offerings, introducing banking access, credit cards, and stock trading services to its user base. Announced on November 6, 2024, the expansion is part of the company’s latest initiative, Level Up, promising enhanced benefits and rewards for customers.
Level Up represents a significant advancement for Crypto.com, offering remarkable rewards experience in both crypto and finance. The program will integrate seamlessly with existing products and upcoming services, setting up a cohesive financial ecosystem designed to benefit all users under the Crypto.com brand.
Kris Marszalek, the CEO of Crypto.com, highlighted the company’s dedication to product excellence, attributing its success to a robust product line and high rewards. He remarked:
“When I think about what made Crypto.com the leading global crypto platform… it is easy to point to our sports partnerships… or our signature brand campaigns…We were known by our users… as the place with the best product offering and the highest rewards. Today’s Level Up product announcement is a return to those roots.”
Comprehensive Rewards with Level Up
Level Up introduces unique rewards designed to enrich the user experience across Crypto.com’s core and upcoming product lines. During the first year, higher-level customers gain up to a 3% bonus on stock deposit transfers and a remarkable 7.5% reward on idle cash balances, with adjusted rates afterward.
Users can also earn up to 8% in uncapped rewards on Crypto.com Card spending initially, with rates tapering to 5% in later years. These incentives are paired with lifestyle perks like priority customer support and exclusive access to Crypto.com’s sports and entertainment partners.
The new banking services operate through alliances with top global banks, delivering advanced personal accounts. These accounts connect users with all Crypto.com products, wipe out hidden fees, offer high interest on idle balances, and enable instant international transfers.
Through Watchdog Capital LLC, customers will gain commission-free access to securities trading. This service enables users to manage stock portfolios and supports strategies for risk management or return enhancement. The company aims to become a one-stop financial hub for both traditional and digital assets.
Expanding Financial Horizons
“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,” said Eric Anziani, President and COO of Crypto.com.
He emphasized Crypto.com’s commitment to security and compliance, backed by licenses and registrations across key global markets. Now, the company aims to integrate its suite of services – including equities, credit, and banking access – into one app, allowing users to earn rewards within the enhanced Level Up program.
A new credit card stands as a cornerstone of Crypto.com’s growth strategy. Building upon its successful prepaid card, this card targets everyday spenders, offering expanded rewards and enhancing user value.
Over the coming year, Crypto.com plans several transformative updates. Major additions include expanded rewards on Bitcoin, margined derivatives, and tools for Cronos AI developers. Alongside these, Global availability for the prepaid card program will also increase, complemented by the new credit card’s launch worldwide.
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