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Crypto.com to Co-Present UFC’s White House Event, Will Pay $1M in CRO to Fighters

Crypto.com to Co-Present UFC’s White House Event, Will Pay $1M in CRO to Fighters

The June 14 card doubles as a promotional vehicle for CRO at a moment when the exchange is eager to reassert its brand

The UFC and Crypto.com announced Friday that the exchange will co-present UFC FREEDOM 250, a unique event scheduled for June 14 on the White House grounds, timed to the 250th anniversary of American independence.

The headline number is a $1 million bonus pool for fighters, but the detail worth noting is the payment method. The bonuses will be paid out in CRO, the native token of Crypto.com’s Cronos blockchain ecosystem, not dollars. At current exchange rates, that’s approximately 14.4 million CRO tokens. Whether fighters will have the ability to immediately liquidate those holdings — and at…

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