cryptoknowmics.com
Crypto.com revealed the removal of 15 cryptocurrencies from Crypto Earn on Monday. Among those being dropped are Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW, although Crypto.com also added Zilliqa (ZIL), Fantom (FTM), and NEAR to the list. The reward rates for five stablecoins, including TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD), virtual currencies linked to the British Pound, Australian Dollar, Canadian Dollar, and US Dollar, are also changing on Crypto.com. Other cryptocurrencies' reward rates, such as those for Bitcoin, Ethereum, Polygon, Avalanche, and Solana, are unaltered. https://twitter.com/cryptocom/status/1541360691038375937
Reason for Token Removal is Unknown
The firm, in its announcement, did not state the reason for removing those specific tokens. There was a range of reactions to the report, with several people tweeting that it was "a shame" that incentives for Shiba Inus and Dogecoins were no longer an option. Others said that because of how low the exchange's interest rates were, they were on par with a conventional bank. Two weeks after the business disclosed that it was letting go of 5% of its workforce owing to the "market downturn," Crypto.com announced adjustments to Crypto Earn. Crypto.com also provides digital wallets, a software-based system that stores users' payment information and passwords. Through this service and others, Crypto.com enables the platform to buy and sell cryptocurrencies. The site also recently launched an NFT marketplace.