“Can Crypto.com become the full-stack financial OS for crypto-native consumers globally — combining exchange, payments, BaaS banking, DeFi lending, and a self-chartered trust bank under one app?”
Founded in 2016 as Monaco, a crypto Visa card startup, the company rebranded to Crypto.com in 2018 and built out a full exchange, DeFi wallet, NFT marketplace, and payments infrastructure. After aggressive marketing investments in 2021-2022 (arena naming rights, celebrity endorsements), the company deepened its embedded finance stack, layering in BaaS (Green Dot Arc), DeFi lending (Morpho), and a Stripe partnership for mainstream crypto payments acceptance. The 2025-2026 period marks a decisive regulatory push: applying for and receiving conditional OCC national trust bank charter approval, signaling ambition to operate self-chartered banking infrastructure rather than relying purely on third-party BaaS.
Crypto.com discloses Green Dot (Arc) as its banking provider, with Green Dot Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Crypto.com has applied for a national trust bank charter for Foris DAX National Trust Bank with the OCC. Status: conditional approval (2026-02-20). Until then its banking services run through Green Dot Bank and Green Dot (Arc).
Crypto.com processes payments through Stripe and Crypto.com Pay (self-operated).
Crypto.com's lending and capital products are provided by Morpho.
Crypto.com connects to bank accounts through Salt Edge.
Crypto.com's crypto products run on Morpho and Crypto.com Custody Trust Company (self-operated).
The Embedded Finance Index 2026 maps 7 layers in Crypto.com's stack: Payments / PSP (Stripe and Crypto.com Pay (self-operated)); Banking / BaaS (Green Dot (Arc)); Lending (Morpho, Crypto-Backed Loans (Morpho noncustodial lending, in-app), USDC Earn (Morpho-powered yield) and Stablecoin yield via Morpho vaults on Cronos (wrapped BTC/ETH collateral)); Open banking (Salt Edge); Sponsor bank (Green Dot Bank); Crypto (Morpho and Crypto.com Custody Trust Company (self-operated)); Treasury (Arc, Green Dot Bank and Green Dot Arc (FDIC-insured, 5% APY Cash Earn)).
Crypto.com was founded by Bobby Bao, Gary Or and Kris Marszalek and is founded in 2016, headquartered in Singapore.
Get a read on where your own stack stands against Crypto.com and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.