Cobo has officially announced the launch of support for Cronos with a commitment to power its technological capabilities, growth, and expansion. The objective is to build a community and promote cross-platform connectedness.
The support integrates the entire ecosystem of 300+ decentralized applications and partners. The collaboration brings back the need to review all the cryptocurrency wallets and integrate only the best ones. Cryptocurrency wallets serve the basic function of holding digital currency on behalf of its real owner.
Ella Qiang, the Vice President of Ecosystem & Partnership at Cronos Labs, expressed her excitement over the integration. She said they look forward to introducing various gaming, DeFi, & Web3 projects plus tokens.
While highlighting the importance of the support, Ella Qiang noted that the integration would bring additional security for institutional & retail users alike. Cronos now looks to leverage Cobo’s secure & leading custody services and asset management solutions.
Alex Zuo, the Cobo Finance Vice President, said that the venture was pleased to announce the partnership with Cronos, adding that they were optimistic about the growth of Cronos’s public chain & projects. Moreover, the collaboration of Cobo and Cronos will provide easier access to Cronos for its users.
Cronos is an EVM-compatible layer 1 blockchain network built on Cosmos SDK, the first to do so. It is supported by over 300 partners and Web3 applications, with some of the names being Crypto.org and Crypto.com. The ultimate mission of Cronos is to make it better for the upcoming generation to adopt Web3 with a core focus on decentralized finance & GameFi segments.
Cronos Labs supports Cronos through its ecosystem grants and Web3 start-up accelerator program. Cronos Labs is also an incubator of Cronos Chain.
More than 900,000 users trust Cronos, making it a good fit in the top seven in terms of Total Value Locked (TVL). The growing rate registered for Cronos is 20% every month. $CRO is its native currency responsible for running an ecosystem of over 50 million users across the globe.
Cobo is based in Singapore, and it is dedicatedly engaged to being one of the best digital asset custodians & blockchain technology providers.
Cobo focuses on powering the revolution of Web3 by enabling users to build scalable infrastructure and protecting their crypto assets. Cobo’s DeFi asset management services crossed the AuM mark, rewarding some top hedge funds to high-end profiles without over-exposure to headwinds.
Cryptocurrency wallets are the same eWallet that once stored fiat currencies. With the rapid rise in the adoption of cryptocurrency, these wallets evolved and went on to integrate the functionalities of cryptocurrencies. Some of the best cryptocurrency wallets are Exodus, Electrum, and MyCelium.
Security and wallet utility are the two most important factors that users must consider before signing up for a crypto wallet. The types of crypto wallets are Hot Storage Crypto Wallets, Desktop Wallets, Mobile Wallets, Web Wallets, Cold Storage Crypto Wallets, Hosted Wallets, and Decentralized Wallets.