Crypto.com and Samsung partner to offer smooth asset trading for Galaxy Z Fold users. Crypto.com updates its app with investment tools for interested users. This could drive inflows into the $1.21 trillion digital asset sector.
The latest update of the Crypto.com app for Galaxy Z Fold users allows them to view crypto token prices on the device’s unfolded large screen, enabling quick and easy comparisons for instant investment decisions.
Eric Anziani, COO and President of Crypto.com, stated in an official statement that Samsung and Crypto.com have worked together to optimize the Crypto.com app for a more productive trading and analysis experience of cryptocurrencies on the Galaxy Z Fold’s foldable form factor.
Crypto.com, founded in 2016, has an estimated user base of over 80 million customers worldwide. In the first half of 2022, Samsung accounted for 62% of the foldable market, according to a CounterPoint report, which also estimated total foldable sales at 9 million in 2021.
By partnering, Samsung and Crypto.com have the potential to introduce millions of users to the crypto sector. This is not Samsung’s first validation of the digital assets sector, despite its reputation for financial risk and volatility.
Samsung’s Latin American unit made its presence known in the metaverse space by entering Decentraland in October 2022, in an effort to increase its brand visibility within the fully functional virtual universe.
Samsung opened its own store in Decentraland in January 2022, and in July of the previous year, it launched Space Tycoon, a metaverse project, as part of the Roblox platform.
Samsung Asset Management, the investment arm of the South Korean conglomerate, listed its Bitcoin Futures Exchange Traded Funds (ETFs) on the Hong Kong Stock Exchange.
The company’s 3nm chips are said to be 23% to 45% more efficient than those manufactured on previous nodes. Samsung is reportedly in the process of bringing its Bitcoin mining chips into the trial production stage.