Wednesday, May 22, 2024 Removes Shiba Inu (SHIB), Dogecoin (DOGE) and 13 Others From Its... Removes Shiba Inu (SHIB), Dogecoin (DOGE) and 13 Others From Its Earn Rewards Program

As bears continue to overwhelm the crypto market, the cryptocurrency exchange has announced that it has removed Shiba Inu (SHIB), Dogecoin (DOGE), Tezos (XTZ), FLOW, and 11 other cryptocurrencies from its Crypto Earn rewards program.

Although the exchange discretely removed the tokens mentioned above, it decided to add Ziliqa (ZIL), Fantom (FTM), and NEAR to the list.

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The exchange also said in the announcement that it will be modifying the reward rates for five different stablecoins, including TGBP, TAUD, TCAD, TUSD, and USDP (Paxos USD), which are crypto-assets pegged to the British Pound, Australian Dollar, Canadian Dollar, and US Dollar.

As for other digital currencies such as Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX), and Solana (SOL), their rewards rates remain unchanged.

Read Also: Switchere Exchange and Shiba Inu Army Likely Working on a Big Surprise: Details

Mixed Reactions Greet the Decision

As expected, the news was greeted with mixed reactions from the crypto community members. A number of users on Twitter said that it was a shame that removed Shiba Inu (SHIB) and Dogecoin (DOGE) from its list of options.

Others said that the exchange’s interest rates were so low that they were comparable to a traditional bank. One Bitcoin holder said, “Not worth to lockup any funds!”


Although many were disappointed by the news as mentioned above, some others argued that was making positive strides toward “long-term sustainability.”

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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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