Crypto.com has announced that it will remove 15 cryptocurrencies from its Crypto Earn.
As the bear market continues, Crypto.com announced on Monday that it has removed 15 cryptocurrencies from the Crypto Earn rewards program. Dogecoin (DOGE), Shiba Inu, Tezos and FLOW are among the tokens that have been removed from the program.
Crypto.com also changes bonus rates for five major stablecoins: TGBP, TAUD, TCAD, TUSD and USDP (Paxos USD), which are digital assets linked to the British pound, Australian dollar, Canadian dollar and US dollar. Bonus rates for other digital currencies, such as Bitcoin, Ethereum, Polygon, Avalanche, and Solana remain unchanged. The news caused a lot of reactions from users on Twitter. Many Twitter users say it is “shameful” that the Shiba Inu and Dogecoin rewards are no longer a choice. Others said that the exchange’s interest rates were so low that it could be compared to a traditional bank. While many were disappointed by the news, others argued Crypto.com was making positive strides toward “long term sustainability.”
For those unfamiliar with Crypto.com, Crypto.com is a digital currency exchange that supports trading, investing, staking, wallets, NFTs, and more. This exchange offers more than 250 different currencies, reasonable fees, and discounts for those who hold a significant stake in Crypto.com Coin (CRO). Its ecosystem of crypto-related products could make it a good choice for those looking to do a lot with their cryptocurrency.
Source: The Pipsafe Team