Share this article
Crypto.com Restarts Staking Rewards After Community Furor
Staking rewards of as much as 8% will be offered to its card users, the company’s CEO said.
Updated May 11, 2023, 6:45 p.m. Published May 3, 2022, 5:51 a.m.
Crypto.com CEO Kris Marszalek said the firm will continue to offer staking rewards to its card users a day eliminating the reward program.
- The decision had led to a vocal backlash among community members on social media sites like Reddit and Twitter. Most comments were negative and critical, as reported, while the price of Crypto.com’s native CRO tokens fell by as much as 11% in the hours afterward.
- Crypto.com has since backtracked on its decision to fully end staking rewards, where card users locked up CRO for a 180-day period to earn yields.
- “Instead of eliminating card staking earn rates completely, we will offer a more balanced approach: 8% APY for Private Members (Obsidian, Icy White, and Frosted Rose Gold) 4% APY for Royal Indigo and Jade Green card holders,” Marszalek said in a tweet on Tuesday morning, referring annual percentage yield.
Instead of eliminating card staking earn rates completely, we will offer a more balanced approach: 8% APY for Private Members (Obsidian, Icy White, and Frosted Rose Gold) 4% APY for Royal Indigo and Jade Green card holders
— Kris | Crypto.com (@kris) May 3, 2022
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The rewards are still less than those offered now, with some users still expressing dismay. Marszalek, however, noted the changes were necessary to ensure “long-term sustainability” of the yields offered on its card product.
- CRO is down 10% in the past 24 hours, but showed a slight recovery during Asian trading hours on Tuesday after Marszalek’s tweet, CoinGecko data shows.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
