Crypto.com has the removal of 15 cryptocurrencies from its Crypto Earn rewards program.
Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), and FLOW are among those being removed, but Crypto.com added Zilliqa (ZIL), Fantom (FTM), and NEAR to the list.
Crypto.com is also modifying the reward rates for five different stablecoins: TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD).
The stablecoins are digital assets pegged to the British Pound, Australian Dollar, Canadian Dollar, and US Dollar respectively.
Reward rates for other cryptocurrencies like Bitcoin, Ethereum, Polygon, Avalanche, and Solana remain unchanged.
The company did not give reason for the decision.
Response to the news was mixed, with many users saying on Twitter that it was “a shame” that Shiba Inu and Dogecoin rewards were no longer an option.
While many were disappointed by the news, others argued Crypto.com was making positive strides toward “long term sustainability.”
Two weeks ago, Crypto.com announced that it was laying off 5% of its staff due to the “market downturn.”
