On Monday, Crypto.com removed 15 altcoin from the program Crypto Earn, which includes DOGE , SHIB, XTZ, MKR, FLOW. The company said that the delisting of these cryptocurrencies took effect from 17:00 on June 27, 2022 (Vietnam time). Crypto Earn is a program that offers savings account-like interest rates on fixed and flexible term deposits.
Under the Crypto Earn program, the company offers up to 10% on deposits stablecoins, 14.5% for crypto deposits and support for more than 40 assets.
“The current fixed term deposits for these tokens will remain unchanged and continue until the term ends. Flexible term deposits for the above tokens will automatically be returned to users' wallets by 17:00 on June 28, 2022 (Vietnam time)," Crypto.com said in a statement. notification.
Coins added to Crypto Earn
The trading platform is having to lay off staff amid the current market downturn. Other media reports say layoffs will be in the 5% range, affecting at least 260 employees.
Last week, Crypto.com received approval from the Monetary Authority of Singapore to offer Digital Payment Token (DPT) and other payment solutions.
Coins interest rate adjusted
Besides, the exchange also changed the reward ratio for 5 stablecoins TGBP, TAUD, TCAD, TUSD and TUSD. USDP.
“The new rate only applies to allocations established on or after the effective date. Bonus rates for previously established allocations will not change.”
Crypto.com individual users holding tokens Rose Gold, Icy White and Obsidian will continue to earn an additional 2% per year on fixed term allocations.
The exchange did not give any explanation as to why they removed the aforementioned 15 coins from the Crypto Earn rewards program.