Donald Trump’s media company partners with Crypto.com, triggering crypto market frenzy | Technology News
US President Donald Trump’s Trump Media and Technology Group is partnering with Crypto.com. With this partnership, the company will launch exchange-traded funds (ETFs) and other products through its Truth.FI brand. Following the announcement on Monday, the shares of the company rose 10.5 per cent. However, it has fallen 38 per cent in the last 12 months.
Reportedly, Crypto.com outperformed most digital assets after Trump Media announced its plans to develop ETFs with the exchange. According to CoinGecko data, Trump’s company, which also runs his social media site Truth Social, saw a significant hike. Cronos (CRO), the native cryptocurrency and utility token of the Cronos Chain, which is a decentralised and open-source blockchain…
