Retail crypto exchange Crypto.com tells Axios that it now has over 50 million users.
Why it matters: That's more than a fivefold increase from the last time Crypto.com disclosed its user stats, in late 2020, and CEO Kris Marszalek says he expects the number to hit 100 million by year-end.
One big difference between Crypto.com and larger-volume rivals like Coinbase and FTX is that Marszalek's company has grown without ever taking an outside investment.
What to watch: Crypto.com should get a lot of brand recognition this weekend, as title sponsor of the big Formula One race in Miami. And then over the summer as a FIFA World Cup sponsor.
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