Cronos rebrands trading app as Ult, targets global iOS and Android launch on September 17
Cronos, the blockchain ecosystem associated with Crypto.com, is renaming its trading app to Ult and plans a global iOS and Android rollout on September 17, expanding into prediction markets, perpetuals and tokenized assets. CEO Ryan Wyatt said the shift is meant to give users and developers clearer direction and put greater emphasis on products that create value for CRO. Cronos Labs has proposed using 100% of revenue from Ult and Cronos Launch to buy CRO on the open market and burn it, while funding operating and growth costs from existing capital.