Crypto.com Removes Dogecoin and Shiba Inu from Earn Program

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In a recent move that sent ripples across the crypto community, Crypto.com has officially removed 13 cryptocurrencies from its popular Crypto Earn program, effective June 27, 2022. Among the most notable exclusions are Dogecoin (DOGE) and Shiba Inu (SHIB) — two of the most widely held memecoins in the digital asset space.

This decision has sparked confusion, criticism, and market volatility, especially given that other less prominent or even compromised tokens remain on the platform. While the company has not provided a clear rationale, investors and analysts are piecing together possible motivations behind the change.

Cryptocurrencies Removed from Crypto Earn

As of June 27, the following tokens are no longer available for earning rewards through Crypto.com’s Earn program:

The removal comes alongside the addition of new assets to the Earn lineup, including NEAR Protocol (NEAR), Zilliqa (ZIL), and Fantom (FTM). Additionally, revised reward rates have been introduced for select stablecoins.

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Why Were Dogecoin and Shiba Inu Removed?

While Crypto.com has not issued an official explanation, speculation points toward a strategic shift in asset selection — possibly favoring DeFi and infrastructure-focused tokens over memecoins. DOGE and SHIB, despite their massive retail followings, are often criticized for lacking strong utility or on-chain fundamentals compared to other projects.

Interestingly, several lesser-known tokens like VVS Finance, Tectonic, Harmony (ONE), and Celer Network (CELR) remain eligible for rewards — a decision that has raised eyebrows. Notably, Harmony suffered a major $100 million security breach just days before this announcement, yet it was retained on the platform.

This contrast fuels questions about the consistency of Crypto.com’s evaluation criteria. If security or decentralization were primary concerns, one might expect Harmony to be delisted before more established assets like Dogecoin or Shiba Inu.

Market Reaction: DOGE and SHIB Prices Drop

Unsurprisingly, the news triggered a negative price reaction for both affected memecoins.

On the day of the announcement:

Meanwhile, Bitcoin and Ethereum remained relatively stable, highlighting that this movement was driven by platform-specific sentiment rather than broader market trends.

Among the top 15 cryptocurrencies by market capitalization, DOGE and SHIB emerged as the biggest losers of the day. Only Polygon (MATIC), which also saw a decline, came close — despite being one of the assets still included in the Earn program.

Dogecoin Price Outlook

Prior to the announcement, DOGE had shown signs of recovery, climbing from around $0.06 to nearly $0.08. However, it has since retreated to approximately $0.07. Even with this rebound, Dogecoin remains:

Shiba Inu Performance Trends

Similarly, SHIB had gained momentum, rising from fractions of a cent to nearly $0.012**, before pulling back to around **$0.011. Over the past 30 days, it has managed a modest 2% gain, but is still:

These figures reflect the highly speculative nature of memecoins — assets often driven more by social sentiment and exchange listings than fundamental developments.

Community Backlash and Transparency Concerns

The lack of transparency surrounding the delistings has fueled frustration among users. On social media platforms like Twitter, many investors expressed confusion and disappointment:

“Why remove SHIB and DOGE but keep obscure DeFi tokens? This makes no sense.”
— Crypto.com user

Others questioned whether regulatory pressure or internal risk assessments influenced the decision. Some speculate that Crypto.com may be anticipating compliance challenges related to staking or yield generation for certain token types.

Another theory suggests operational complexity: supporting yield programs requires technical integration, legal review, and ongoing maintenance. Removing lower-demand or high-risk assets could streamline operations — even if those assets have large communities.

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What This Means for Crypto Earn Users

For users who had staked DOGE or SHIB through the Crypto Earn program, funds were not lost — they were simply transitioned out of earning mode. Account balances remain intact, but no further interest will accrue on these holdings.

Affected users now face a choice:

It's also worth noting that while these tokens were removed from Earn, they remain tradable on Crypto.com’s exchange platform — meaning users can still buy, sell, or transfer them.

Frequently Asked Questions (FAQ)

Q: Why did Crypto.com remove Dogecoin and Shiba Inu from Earn?
A: The company has not provided an official reason. However, it may be part of a broader strategy to prioritize DeFi and utility-based tokens over memecoins in its yield offerings.

Q: Can I still trade DOGE and SHIB on Crypto.com?
A: Yes. Although these tokens are no longer eligible for interest through the Earn program, they remain fully supported for trading and transfers.

Q: Were any other major tokens removed besides DOGE and SHIB?
A: Yes. The list includes Tezos (XTZ), Maker (MKR), EOS (EOS), and several DeFi tokens like COMP and BIFI.

Q: Are there any new tokens added to Crypto Earn?
A: Yes. NEAR Protocol (NEAR), Zilliqa (ZIL), and Fantom (FTM) have been added to the program as of June 27, 2022.

Q: Will Dogecoin or Shiba Inu ever return to Crypto Earn?
A: There is no official information about potential relisting. Future re-inclusion would likely depend on internal policy changes or improvements in token fundamentals.

Q: How can I earn yield on SHIB or DOGE now?
A: Alternative platforms offer staking or liquidity mining options for these tokens. Always research security, reputation, and APY sustainability before depositing funds.

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Final Thoughts

Crypto.com’s decision to remove Dogecoin and Shiba Inu from its Earn program underscores a growing trend: platforms are becoming more selective about which assets they support for yield generation. While memecoins continue to enjoy strong community backing, their inclusion in financialized products like staking or savings accounts may depend increasingly on regulatory clarity, technical feasibility, and perceived long-term value.

For investors, this event serves as a reminder: always stay informed about platform policies and diversify across multiple trusted services to maintain flexibility in your crypto strategy.

Core Keywords: Crypto.com Earn program, Dogecoin, Shiba Inu, cryptocurrency yield, staking rewards, memecoins, DeFi tokens