What is Foris DAX?

Foris DAX is one of the names that you probably haven’t heard. Nevertheless, Foris Inc plays a major role in the crypto world. When you get to know the Foris DAX you will agree too. The Foris Inc is responsible for one of the most famous names in the crypto industry. 

Therefore, in this article, we will introduce the Foris Inc to you. Then, we will explore the crypto.com exchange. We will explain how Crypto.com works. You probably found out what Foris Inc is responsible for. If you haven’t found out we should state the obvious. Foris Dax is the mother company of Crypto.com. 

What is Foris Inc?

َA lot of crypto veterans haven’t heard of Foris DAX before. But it has a great impact on the crypto industry as a whole. The Foris DAX is the parent company of crypto.com (crypto exchange). Then, you can understand how big of a role Foris Inc plays in the crypto industry. 

Therefore, it is helpful for you to understand the Foris Dax company. 

Is Foris DAX crypto com?

Yes. Foris DAX is the company that runs the Crypto.com crypto exchange. It is a Singapore-based company. The Foris Inc is the parent company of one of the leading crypto exchanges, Crypto.com. 

If you want to be precise they are different companies. The crypto.com is a subsidiary of the Foris DAX company. Then, Foris DAX is the mother company of Crypto.com. Therefore, Foris Inc is the company that is running this crypto exchange. So, one can say they are the same company. 

Is Foris DAX legit?

To put it simply, of course the Foris DAX is a legit company. The Foris Inc is controlling the Crypto.com crypto exchange. The crypto.com is one of the oldest crypto exchanges ever. Therefore, we can only assume that Foris Inc is also legit. Because crypto.com is one of the pioneers in the crypto space and is trusted by millions. 

Therefore, we will have no trouble trusting the crypto.com exchange. The crypto.com crypto exchange is extremely useful. Users can connect to this exchange and quickly purchase crypto using a credit card. Then, the Foris DAX is also a legit company. 

Then, read the next sections to learn about the crypto.com exchange. First, we will read about the crypto.com history. Then, we will explain how this crypto exchange works.

What is Crypto com exchange?

Crypto.com is one of the most known crypto exchanges out there. They have been running this exchange since 2016. Therefore, it started working a year before Binance. Binance is another leading cryptocurrency. But you probably already know that.

But let’s not talk about Binance for now. The crypto.com crypto exchange has more than 4,000 employees by now. This exchange also has over 50 million customers. Then, you can see that Crypto.com is a big crypto exchange. Therefore, you shouldn’t have any problems trusting this exchange. 

What is CRO?

CRO is the cryptocurrency that powers the Crytpto.com exchange. The Crypto com Chain (CRO) is the native token of the crypto com exchange. The CRO token offers financial services to users. Then, users can use the CRO token as it has a use case. 

Therefore, the Crypto com crypto exchange will also benefit. This will help the crypto exchange to also gain popularity. Then, let’s explain some CRO use cases. The Crypto com Pay is a service that users can use to purchase services and goods. 

The Crypto com Chain (CRO) powers the Crypto com Pay service. Then, users can use the CRO token in their day-to-day life.

FAQ

Is crypto.com a public company?

No. The crypto.com crypto exchange is the child company of Foris Inc. Foris DAX holds the Crypto.com crypto exchange privately. Since this crypto exchange started working, it hasn’t raised any institutional funds. This means no external investor bought the crypto.com stocks ever since. Therefore, we can say that crypto.com is a private company.

Is Binance better than Crypto.com?

It depends on what you need from an exchange. Some users are looking to quickly purchase crypto using credit card or debit card. Then, Crypto.com is a very good option for them. But some users want to purchase crypto and also trade them. Binance offers great services for future and margin trading. Then, they can use Binance exchange.