Crypto.com recently announced that they are listing CUDOS on their exchange with USDT Pair, which is really an amazing news for CUDOS ecosystem as Crypto.com listing gives there millions of users across the globe to be able to trade CUDOS on the exchange but apart from this the listing is very powerful for CUDOS ecosystem. Let’s talk about all those benefits in this article.
Project validation for more exchnages
Crypto.com is one of the top-10 exchanges according to CoinGecko with 100% trust score which is really a great sign for users who trade on the exchange. As Crypto.com lists CUDOS it becomes third exchange in the top-10 ranking to list CUDOS, where many projects struggled to get listed on one of them CUDOS is now available on 3 top-10 exchanges which increases the chances of getting listed on other top ranking exchanges as these top exchange listings increase the validation of CUDOS to be eligible for listing on other major exchanges.
Increase in User Growth & Trust
People usually don’t trust projects which are not listed on major exchanges which is really a hard task for projects due to this many projects failing because of lack of user interest in their projects. In the other hand if you look at CUDOS it now listed on many globally recognised exchanges like Huobi, Kucoin, Bittrex, AscendEX & the latest edition in the list Crypto.com, As the top ranking exchange listings increase the validation for projects it also help in the user growth which is really a great news for projects like CUDOS which is building an Decentralised Cloud Computing infrastructure where participation of users is really an important part.
Increase in Liquidity
One of the core reasons why projects want to get listed on major exchanges like Huobi, Kucoin & Crypto.com is the amount of users they have which helps to get liquidity in the market which helps the users to buy and sell the token easily in a few clicks. As CUDOS is now live of all these exchanges mentioned above there is enough liquidity for the CUDOS token in the market for the users who want to trade CUDOS whenever they want.
- As you all know Cronos chain which is native chain for Crypto.com is built on COSMOS & CUDOS being also built on COSMOS it opens lots of future integrations between both chains as the COSMOS ecosystem is fully interoperable between blockchain. There is a high chance of possibility that both projects will take in DeFi activities as well
- According to CUDOS users of CudoMiner will be able to withdraw their CUDOS directly to Crypto.com exchange in the near future which will give a huge boost to CudoMiner users.
Cudos is powering the metaverse bringing together DeFi, NFTs and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.