Singapore-based cryptocurrency exchange, Crypto.com, has suspended significant digital assets, including Shiba Inu, Dogecoin and thirteen other tokens. Therefore, these crypto coins will not be a part of the Crypto Earn Rewards Program as the exchange is reacting to the recent market collapse.
On Monday, Crypto.com announced this update via its official Twitter handle, saying:
According to the official blog post, the thirteen other tokens that will be removed from the reward program include:
“Tezos (XTZ), Maker (MKR), EOS (EOS), OMG Network (OMG), Flow (FLOW), Kyber Network Crystal v2 (KNC), ICON (ICX), Compound (COMP), Beefy Finance (BIFI), Ontology Gas (ONG), Gas (GAS), Stratis (STRAX), and Bancor (BNT).”
This announcement comes after the Singapore-based crypto platform laid off 5% of its workforce due to the “market downturn.” However, the reason for removing these tokens from the Crypto Earn reward program remains unknown.
Crypto.com Includes FTM, ZIL, and NEAR
In other news, the Asian-based exchange has added support for Fantom (FTM), Zilliqa (ZIL), and NEAR Protocol (NEAR) to its Crypto Earn rewards program. The inclusion will enable users to enjoy rewards rates of up to 5% p.a. for FTM and 6% p.a. for ZIL and NEAR. In addition, the exchange provides up to 14.5% annual returns on cryptos.
The company also has revised the reward rates for five different stablecoins: TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD), which are digital assets pegged to the British Pound, Australian Dollar, Canadian Dollar, and US Dollar.