- Crypto.com removed a total of 15 altcoins from its crypto earn rewards program.
- In addition, the exchange added 3 more cryptocurrencies.
On Monday, Crypto.com, the world’s leading Singapore-based cryptocurrency exchange platform made significant changes to its Crypto Earn rewards program by removing Shiba Inu (SHIB), Dogecoin (DOGE), and 13 other cryptocurrencies.
Shiba Inu (SHIB) and Dogecoin (DOGE), the two most popular dog-themed tokens, are no longer part of the crypto earn rewards program with the other 13 cryptos as the extreme market volatility.
Tezos (XTZ), Maker (MKR), EOS (EOS), Kyber Network Crystal v2 (KNC), OMG Network (OMG), Flow (FLOW), Bancor (BNT), ICON (ICX), Compound (COMP), Ontology Gas (ONG), Gas (GAS), Stratis (STRAX), and Beefy Finance (BIFI) are among the other tokens that will no longer be available on the program.
The announcement comes after Crypto.com reported that it would be laying off 5% of its workforce due to a market drop. However, the reason for removing these tokens from the Crypto Earn reward program is unclear, as the exchange has not provided any information.
Additional Step by Crypto.com
Crypto.com, on the other hand, has expanded its Crypto Earn rewards program to include Fantom (FTM), Zilliqa (ZIL), and NEAR Protocol (NEAR).
Users will benefit from rewards rates of up to 5% p.a for FTM and 6% p.a for ZIL and NEAR and the exchange offers up to 14.5 % annual returns on cryptocurrency.
The exchange has also changed the reward rates for five stablecoins, TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD).
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