CryptoCom Removes DOGE, SHIB, and 13 Other Altcoins From Earn Program CryptoCom Removes DOGE, SHIB, and 13 Other Altcoins from Crypto Earn 

Crypto.com on Mon­day removed 15 alt­coins includ­ing Doge­coin (DOGE) and Shi­ba Inu (SHIB) from its Cryp­to Earn pro­gram. The delist­ing of these cryp­tocur­ren­cies will be effec­tive from 27 June 2022, 10:00 UTC, the com­pa­ny said. 

It also revised the inter­est rates of 5 sta­ble­coins and added three new coins to the reward program.

Under the Cryp­to Earn pro­gram, the com­pa­ny offers up to 10% on sta­ble­coins and up to 14.5% on cryp­tocur­ren­cies deposits. It pro­vides sup­port for over 40 assets. 

“Exist­ing fixed-term allo­ca­tions for these tokens will remain unchanged and con­tin­ue until the term ends. Funds from any active flex­i­ble-term allo­ca­tions for the tokens list­ed above will be auto­mat­i­cal­ly returned to users’ Cryp­to Wal­let by 28 June 2022, 10:00 UTC,” Crypto.com said in an announce­ment.  

Oth­er coins that got removed from its Earn pro­gram are Tezos (XTZ), Mak­er (MKR), Flow (FLOW), Kyber Net­work Crys­tal v2 (KNC), EOS (EOS), OMG Net­work (OMG), ICON (ICX), Com­pound (COMP), Gas (GAS), Stratis (STRAX), and Ban­cor (BNT), Beefy Finance (BIFI), Ontol­ogy Gas (ONG).

Coins Added to Crypto Earn

The cryp­to trad­ing plat­form added three new coins – Zilliqa (ZIL), Fan­tom (FTM), and NEAR – to the Cryp­to Earn rewards program. 

“Users can now enjoy rewards rates of up to 5% p.a. for FTM, and 6% p.a. for ZIL and NEAR. We will also be revis­ing the reward rates for select sta­ble­coins,” it said.

Ear­li­er, Cryp­toPota­to report­ed that the trad­ing plat­form is lay­ing off a por­tion of its work­force giv­en the cur­rent mar­ket down­turn. Oth­er media reports said the lay-off would be in the range of 5%, impact­ing at least 260 employees. 

Last week, Crypto.com received in-prin­ci­pal approval from the Mon­e­tary Author­i­ty of Sin­ga­pore to pro­vide Dig­i­tal Pay­ment Token (DPT) ser­vices and var­i­ous oth­er set­tle­ment solutions. 

Coins With Rates Modified

Besides, the exchange also changed the reward rates for five sta­ble­coins TGBP, TAUD, TCAD, TUSD, and USDP.  

“The new rates are only applic­a­ble to allo­ca­tions placed on or after the effec­tive date. The reward rates for allo­ca­tions that have already been placed will remain unchanged,” it clarified.

Crypto.com’s Pri­vate Users hold­ing Rose Gold, Icy White, and Obsid­i­an cards will con­tin­ue to earn an addi­tion­al 2% per annum on fixed-term allocations. 

In con­trast, the com­pa­ny has not changed the Cryp­to Earn reward rates for 28 coins that include Bit­coin, Ethereum, Poly­gon, Avalanche, and Solana. These will con­tin­ue to earn up to 14.5%. 

The exchange didn’t offer any clar­i­fi­ca­tion as to why it removed these 15 coins from the Cryp­to Earn rewards pro­gram, which pro­vides sav­ings account-like inter­est rates on deposits for flex­i­ble and fixed tenures.