Crypto.com Introduces Target Price Orders

The latest app innovation from Crypto.com is limited to Android users in Australia.

By
Kyle Heise
on
May 6, 2022
Category:
DeFi

New Target Price Orders on Crypto.com

Users of the Crypto.com mobile app can now buy and sell using Target Price Orders. The new innovation is currently only available for Android users in Australia, with more countries and iOS versions expected to be launched progressively. 

The latest innovation from Crypto.com was announced on May 5 via Twitter and a blog. Target Price Order trading gives users the ability to place orders to buy and sell crypto at a preferred price. This will allow users to automatically make purchases when not using the app and cede more control over their trading ability. Users can have peace of mind knowing that they can make purchases when and how they wish. 

The Crypto.com app sets some limitations on the Target Price Orders, like a notional limit of $5000 USD per price order. Users can also only set ten orders at a time, effectively capping a user's ability to play with more than $50,000. 

Crypto.com has faced some backlash with recent product developments. The team had to pull an about-face concerning its recent debit card staking offer after a significant outcry from the community. 

What is Crypto.com:

Crypto.com is a Singapore-based cryptocurrency exchange. Currently, their app has 10 million users and 4,000 employees. Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo founded the company "Monaco" in 2016.  Following the purchase of a domain owned by cryptography researcher and professor Matt Blaze, the company was renamed Crypto.com in 2018. The domain was valued at between $5 and $10 million by domain sellers.

Foris DAX Asia, a Singapore-based subsidiary of Foris DAX MT (Malta) Limited, operates Crypto.com. Crypto.com has notable sponsorship agreements with Formula One, Serie A, the UFC, Paris Saint-Germain Football Club, the Philadelphia 76ers, the Montreal Canadiens, and Water.org. 

Where to find Crypto.com

Website | Twitter | Blog | Discord |

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in ETH, CRO, CAKE, and BSC meme projects.

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