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HomeCryptoShiba, Doge… Crypto.com is cleaning up its shitcoins

Shiba, Doge… Crypto.com is cleaning up its shitcoins

Retouching – Crypto.com cryptocurrency exchange is making numerous changes to Crypto Earn, removing some cryptocurrencieswelcoming others or revising the interest rates of some.

The sweep will not wait for the return of fine weather. According to a June 27 statement, Crypto.com has removed fifteen tokens of its Crypto Earn rewards program. This withdrawal affects well-known cryptocurrencies such as Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW.

Maker (MKR), EOS, Omisego (OMG), Kyber Network (KNC), Icon (ICX), Compound (COMP), Beefy.Finance (BIFI), Ontology Gas ( ONG), the Stratis (STRAX), and the Bancor Network Token (BNT), complete the list.

Crypto.com has not provided any official explanation as to why the company made this decision. The move has drawn mixed reactions on social media.

Some Twitter users regret the removal of Shiba Inu and Dogecoin from Crypto Earn. Others do not share this sentiment, believing that the interest rates offered by the platform were, in any case, relatively lowlike those offered by traditional banks.

Some, however, have interpreted this cleaning up positively. It would be proof that Crypto.com is making progress towards “long-term sustainability”.

>> Convinced by this shift in reason? Sign up at Crypto.com (affiliate link) <<

The crypto platform revises its reward rates

The departures of some leave empty places for others to fill. Crypto.com opens the doors of Crypto Earn to Fantom (FTM), Zilliqa (ZIL), and NEAR. Investments in these cryptocurrencies generate gains ranging from up to 5% per year for the FTM, compared to 6% per year for ZIL and NEAR.

Between these removals and additions, the platform made changes to the reward rates of four stablecoins: TrueGBP (TGBP), TrueAUD (TAUD), TrueCAD (TCAD), TrueUSD (TUSD), and USDP.

These updates, however, spared a large number of tokens such as CRO, Bitcoin (BTC), and Ether (ETH). These cryptocurrencies still allow their investors to earn up to 14.5% in rewards.

How can observers explain the fate of Dogecoin, Shiba Inu, and other cryptocurrencies removed from Crypto Earn? Were these tokens little or not profitable for the company? These changes come just over two weeks after Crypto.com announced a 5% reduction in its workforce.

We must save the furniture! The bear market is having a hard time testing all the players in the ecosystem. Some exchanges seem to be doing better. Sign up now at Crypto.com to enjoy the returns of Crypto Earn (affiliate link).

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