There is speculation that Crypto.com may be the next crypto exchange targeted by the SEC for violating laws regarding the sale of unregistered securities, due to the presence of similar "security tokens" on the platform and the fact that its native token, CRO, has not yet been considered a security by the SEC.

However, Crypto.com's strong regulatory compliance and global approvals may offer some protection against regulatory actions.

Despite this, the platform still faces the risk of losing its critical US market if it is targeted by regulators. Crypto.com has a smaller financial reach than Binance and Coinbase, ranking #17 on CoinMarketCap with lower trading volumes and market share.

Its CRO token plays a marginal role in the utility token industry and has lost its usefulness since the elimination of credit card benefits. Crypto.com's balance sheet is $2.53 billion, with a questionable token allocation and a wallet of $3.28 billion, much lower than Binance's $58 billion in assets.

The Cronos Chain infrastructure also seems to be losing market share in the DeFi front.