Recommended
Crypto.com Pulls DOGE, SHIB, Others from Earn Program
2022/06/29By:
Cryptocurrency exchange Crypto.com is removing DOGE, SHIB, and 13 other altcoins from Earn, while adding FTM, NEAR and ZIL.
With the bear market continuing, Crypto.com announced Monday that it will cut 15 cryptocurrencies from its Crypto Earn rewards program.
Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW are among those being removed, but Crypto.com added Fantom (FTM), Zilliqa (ZIL), and NEAR to the list.
Crypto.com is also modifying the reward rates for five different stablecoins: TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD), which are digital assets pegged to the British Pound, Australian Dollar, Canadian Dollar, and US Dollar. Reward rates for other cryptocurrencies like Bitcoin, Ethereum, Polygon, Avalanche, and Solana remain unchanged.
The company didn’t say in its announcement why it removed those particular tokens.
Response to the news was mixed, with many users saying on Twitter that it was “a shame” that Shiba Inu and Dogecoin rewards were no longer an option.
Others said that the exchange’s interest rates were so low that they were comparable to a traditional bank. “Not worth to lockup any funds!” One Bitcoin holder said.
While many were disappointed by the news, others believe Crypto.com is moving toward “long term sustainability.”
The Crypto Earn changes of Crypto.com come just two weeks after the company announced a 5% layoff due to the “market downturn.”
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
- Products
- Terms & Agreement
- Customer Service
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2024 BTCC.com. All rights reserved