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As the bear market persists, Crypto.com said Monday that it would remove 15 cryptocurrencies from its Crypto Earn rewards program.
Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW are being deleted, while Zilliqa (ZIL), Fantom (FTM), and NEAR have been added.
Crypto.com is adjusting the reward rates for five stablecoins: TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD). These stablecoins are digital assets fixed to the British Pound, Australian Dollar, Canadian Dollar, and US Dollar. Other cryptocurrency reward rates, including Bitcoin, Ethereum, Polygon, Avalanche, and Solana, remain constant.
Decrypt contacted the firm for more clarification, as its release did not specify why it has withdrawn these particular tokens.
On Twitter, several individuals expressed regret that Shiba Inu and Dogecoin prizes were no longer available.
Others stated that the exchange’s interest rates were equivalent to a conventional bank’s. “It is not worth locking up any cash!” A Bitcoin owner stated: While many were dismayed by the revelation, others maintained that Crypto.com was progressing toward “long-term viability.”
Two weeks ago, Crypto.com stated that it would be cutting off 5% of its workforce due to a “market slowdown.” The Crypto Earn modifications come just two weeks later.