The World Economic Forum now includes Crypto.com
With daily trade volumes of $1.2 billion, Crypto.com is one of the largest exchanges and has just joined the World Economic Forum (WEF).
The Hong Kong Exchange has been included as a member organization on WEF’s website. Coinbase and Ripple were both early partners.
After debuting in 2017 as an ICO, Crypto.com has amassed $4 billion in assets in a short amount of time. In late 2022, they were subjected to a Proof of Keys test, during which they had to deal with large withdrawals as sharks circled and jumped in the wake of the FTX collapse.
Because of its resilience, Crypto.com stands as one of the few crypto businesses that have been subjected to such rigorous testing.
The World Economic Forum (WEF) has championed crypto since 2018, having a huge crypto conference in 2019 at its Davos in Switzerland.
They have established a hub for the Fourth Industrial Revolution with a particular emphasis on blockchain technology.
The forum serves as a meeting place for prominent people from all walks of life to discuss global issues and share ideas.
Nationalists criticize it for its international reach, yet it’s one of the few long-standing institutions that show any interest in cryptocurrency.