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June 25, 2022
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Crypto.com: Successful update of the exchange, implementation of PayID and additional benefits for new and current users Blocksats

While the Crypto.com Exchange update was successful, all Crypto.com users were given the option to connect to the PayID network and easily exchange funds from 100 million customers around the world. Of course, it wasn’t without huge bonuses for its community.

Crypto.com Exchange Updates

The scheduled technical break on the Crypto.com exchange took place on June 15. The reason was the software update and the stock engine, thanks to which it currently achieves up to ten times better results and bandwidth.

Below is a list of the most important changes:

  • Refurbished pairing engine and order management system,
  • Unified REST and Websocket API, enabling the adoption of the exchange among trading interfaces and independent placing of orders via external infrastructure,
  • Redesigned architecture, improved scalability, security and waiting times, which together opens the way to trading with leverage and derivatives.

To celebrate the successful implementation of the update, Crypto.com announces a series of prizes and bonuses for its users:

  • 0% commission on trading on the stock exchange for the first 90 days for new users. To take advantage of this bonus, the user must complete the Advanced KYC Level,
  • Up to 50% less commission for all current platform users,
  • Additional 2% of calculations on assets stored on the stock exchange, for new platform users.

ENJ Syndicate bonus raised to 50%!

We recently mentioned the ENJ syndicate with a 25% discount. However, Crypto.com decided to incur the bonus and increase the allocation of discounted ENJs. On June 23, 2020, there will be a syndicate on the platform, in which people interested in Crypto.com Coin (CRO) will have the opportunity to buy digital coins with a considerable discount. This time, ENJ cryptocurrencies worth USD 500,000 will be discounted by 50%. Below is a timeline explaining the promotion:

Participation rules are similar to previous syndicates. The maximum allocation of the discounted ENJs for each participant will depend on the CRO tokens involved:

If the total value of all contributions exceeds the number of tokens intended for the promotion, the allocation for each participant will be calculated according to the following formula:

You can read more about the promotion here: LINK.

Top up your MCO Visa Card with stablecoins

European MCO Visa Card holders can enjoy the extended top-up option for the MCO Visa Card. From now on, in the Crypto.com App, you will be able to top up your card with 5 stablecoins: TUSD, TGBP, TAUD, PAX and USDC.

This gives you a total of 9 options for issuing your favorite cryptocurrencies in Europe. In addition to the above-mentioned stablecoins, you can choose from: BTC, ETH, LTC and XRP.

Crypto.com joins forces with Open Payments Coalition

Crypto.com has joined forces with Open Payments Coalition, which includes over 40 leading companies in the FinTech industry. The coalition’s goal is to create an open payment network bypassing the barriers associated with the need to transfer funds between different platforms, which allows users to seamlessly exchange money without having an account or payment card.

As the first step of cooperation, Crypto.com will implement PayID on its platform. Through PayID, the user receives a simple-to-read ID that works on any payment network that allows sending selected currency. As a result, over 2 million users of Crypto.com will be able to send and receive transfers between platforms – thus connecting with over 100 million customers around the world.

Registration in PayID is possible through “Settings” in the Crypto.com application.

ENJ at Crypto Eran

ENJ has been added to Crypto Earn! Users can now earn up to 6% per annum on their deposits. Crypto.com Private users will earn up to 8% per annum.

In addition, you can already deposit and withdraw ENJ in the Crypto.com App.

Crypto Earn currently supports 27 digital coins, including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, TGBP, TCAD, TAUD, MCO, BAT, LINK, CRO, MKR, DAI, PAXG, EOS, XLM , ATOM, XTZ, BCH, VET, ICX, ADA and now also ENJ.

All payments are made weekly, in a digital coin that has been deposited. Flexible deposits can be made for one or three months. Users of at least 500 MCO can use the service.

Double your rewards for ENJ deposits

On the occasion of the addition of ENJ to Crypto Earn, which we wrote about in the previous paragraph, Crypto.com organized a Deposit Competition, in which you can double your bonus from ENJ calculations.

Below is a table of standard calculations for ENJ in Crypto Earn:

During the promotion, all users who make a minimum deposit of ENJ 1000 in Crypto Earn for a period of 3 months will be able to receive a double bonus on their deposits. The bonus referred to in the previous sentence is limited to USD 10,000 (equivalent in ENJ) and will be distributed on a first come first served basis.

Additionally, during the promotion period, the first 100 users who deposit the largest number of ENJ in Crypto Earn will receive bonus rewards in ENJ:

You can read more about it here: LINK.

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