Can we address the elephant in the room? (Crypto.com)

Seems like every other post is about CRO because the price is pumping or the Visa cards but I'm curious why we don't mention the negatives? Have you guys taken a minute to look at the spreads they charge on their platform to buy and sell cryptocurrencies? Do yourself a favor and look at the price of Bitcoin on CDC. Now go check it out on Coinbase Pro. It's a couple hundred dollars higher. No this isn't a glitch, this isn't temporary. It's always like this. Now, go do the same with literally any other coin you want. They're charging a massive spread. On top of this they charge insanely high fees for withdrawing money and massively rip people off through swaps in their De-Fi wallet charging upwards of 20x what it would be to just swap them yourself on 1inch (the literal app they are using to swap your coins). Not to mention 1inch is doing a Black Friday gas refund and where's that going for anyone doing swaps on the Crypto.com wallet? Their pockets. Yes they have good marketing and a decent service but shady companies like them are the reason crypto was created in the first place. It's sad that the thing that's supposed to democratize finance is being used to make the rich even richer and here we are hooting and hollering because they bought naming rights to a sports arena and hired Matt Damon for a commercial. Do better. UPDATE: It seems like a lot of you have an issue with morals and not logic. Yes they're making it easier for the everyday person to get into crypto. But guess what, if you had NO emotional or financial attachment to crypto you'd see this as shady. If you were charged 15% more for the same exact meal as someone else you'd throw a fit and ask for a manager but since it's crypto you're going to pretend like it's no big deal. Lmao. It's a shame. This is the type of shit contractors do, not companies who are supposed to help democratize the financial system. submitted by /u/FacilitativeNative [link] [comments]