Crypto.com Chain Lowers The Withdrawal Fees On 12 Cryptocurrencies

Crypto.com, which is the popular cryptocurrency exchange that stands behind the Crypto.com Chain (CRO) token, has officially decided to change the withdrawal fee charges – and minimize them. According to reports in the crypto news today, the platform has lowered down the withdrawal fees on even twelve major cryptocurrencies which include the names of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), MCO (MCO) and others.

The news circulated quickly among the community members in an official Twitter post by the Crypto.com Chain exchange profile.

https://t.co/vCNztABJoG lowers withdrawal fees on 12 cryptocurrencies, including #BTC, $ETH, $LTC, and $MCO. $BTC Details here: https://t.co/XsdaDSw5DX pic.twitter.com/liwuPaxn2O

— Crypto.com (@cryptocom) February 4, 2020

The new withdrawal rates have become effective starting from February 5, 2020, at 4:40AM UTC. The given below table highlights the old withdrawal fees on Crypto.com – as well the new ones adopted by the exchange.

Cryptocurrency	Original Fee	New Fee	Cryptocurrency	Original Fee	New Fee
BTC	0.0005	0.0003	MKR	0.004	0.002
ETH	0.01	0.003	BAT	5	4
LTC	0.01	0.05	ZRX	5	4
BNB	0.1	0.05	MCO	0.5	0.2
XLM	1	0.1	KNC	5	3
LINK	2	0.3	MATIC	100	50

Meanwhile, Crypto.com Chain (CRO) is a token that is in a good position now. It trades at $0.0613 today with a $833 million market cap and a rise of 3.57% overnight which puts it among some of the best performing altcoins out there.

Recently, the exchange also broke the news about the launch of the weekly event for the holders of its native coin, CRO named Syndicate Lite. This event allowed investors to indulge in a subscription of BTC at a whopping discount rate of 25% all while staking Crypto.com Chain (CRO) tokens. In order to give an advantage to the CRO holders, the exchange will give them preference at the time of allocation of priority tokens during the event. The exchange has set the event timeline at 6AM UTC on February 5, 2020.

📢Now Live! #BTC is now 25% off for 24 hours ($200K USD allocation). Stake $CRO and subscribe for #BTC NOW – closing at 6am UTC tomorrow! ⏰
Details https://t.co/svnkOCsaa7#CRO $BTC pic.twitter.com/jCa0LWua00

— Crypto.com (@cryptocom) February 4, 2020

The details about this Syndicate Lite event are as following:

• Discounted Allocation: $200,000 USD worth of BTC coin
• Discount Level: 25%
• Minimum contribution: 500 CRO

Currently, the Crypto.com Chain (CRO) token is rolling with a nice momentum and the token has had a nice circulating supply over the past period, too. The total supply, for those of you who don’t follow our coming altcoin news, is 100 billion CRO tokens.

In the other news, we can finally see Bitcoin crossing the $10,000 mark and becoming the first five-digit cryptocurrency out there. As a reminder, this is the highest BTC has been ever since October 2019 and from January 1st, the 2020 gains stand at 40% right now.