Cryptocurrency trade Crypto.com has eliminated Dogecoin DOGE/USD, Shiba Inu SHIB/USD, and several other different crypto tokens from its Crypto Earn rewards program.
What Occurred: In an announcement on Monday, the trade stated that 15 tokens would not be accessible.
They closed out my doge and SHIB versatile incomes rewards and not supply them in earn. What a disgrace.
— Stagrepa.Loopring.eth (@Stagrepa) June 27, 2022
Other than SHIB and DOGE, different widespread tokens resembling MKR, EOS, OMG, FLOW, ICX, and COMP have been named within the listing of cryptocurrencies being eliminated.
In keeping with the trade, current fixed-term allocations in these tokens would proceed to earn curiosity, whereas any flexible-term allocations can be returned to customers’ crypto wallets by June 28.
Whereas the choice to chop these tokens from the Crypto Earn program is probably going motivated by large worth drawdowns within the present bear market, the trade stated it continues to supply customers 14.5% curiosity on choose crypto tokens, together with Bitcoin BTC/USD and Ethereum ETH/USD.
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Crypto.com can also be including help for brand spanking new cryptocurrencies in its rewards program, together with Fantom FTM/USD, Zilliqa ZIL/USD, and Close to Protocol NEAR/USD.
Earlier this month, Crypto.com CEO Kris Marszalek stated the corporate plans to cut 5% of its workforce within the wake of the market downturn. Crypto.com joined various different crypto exchanges, together with Gemini and Coinbase World Inc COIN, which have made similar layoffs this month.
