Singapore Based Cryptocurrency Exchange, Crypto.com, Removed Shiba Inu (SHIB), Dogecoin (DOGE), and 13 Other Cryptocurrencies From Its Crypto Earn Rewards Program.
The two biggest and most popular canine-themed tokens, Shiba Inu (SHIB) and Dogecoin (DOGE) are no longer a part of the Crypto Earn Rewards Program as the exchange feels the heat of a bear market.
On Monday, Crypto.com, the leading cryptocurrency exchange company, made some important changes to its Crypto Earn rewards program by removing 15 altcoins.
Crypto Earn changes effective 27 June 2022:
✅ $FTM, $ZIL and $NEAR are now available for Crypto Earn
✅ Select tokens no longer available
✅ Revised rewards rates for select stablecoins pic.twitter.com/cqkklGHZC3— Crypto.com (@cryptocom) June 27, 2022
According to the official blog post, Crypto.com has removed a total of 15 cryptocurrencies from its Crypto Earn rewards program, including the two biggest canine-themed cryptocurrencies, Shiba Inu and Dogecoin.
The other tokens that will no longer be available on Crypto Earn include “Tezos (XTZ), Maker (MKR), EOS (EOS), OMG Network (OMG), Flow (FLOW), Kyber Network Crystal v2 (KNC), ICON (ICX), Compound (COMP), Beefy Finance (BIFI), Ontology Gas (ONG), Gas (GAS), Stratis (STRAX), and Bancor (BNT).”
The news comes after the Singapore-based Cryptocurrency Exchange Company announced that it was laying off 5% of its staff due to the “market downturn.” However, the reason for removing these tokens from the Crypto Earn reward program is a mystery, as the exchange hasn’t revealed any details about it.
Crypto.com added support for FTM, ZIL, and NEAR:
On the other hand, Crypto.com has added support for Fantom (FTM), Zilliqa (ZIL), and NEAR Protocol (NEAR) to its Crypto Earn rewards program. The support will enable users to enjoy rewards rates of up to 5% p.a. for FTM and 6% p.a. for ZIL and NEAR. The exchange provides up to 14.5% annual returns on cryptos.
The company also has revised 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.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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