CROUSDT
Crypto.com Coin / Tether USD
crypto Composite

Yeah I'm out man. I'm a Jade holder and I've been waiting for an exit point for a while. That's not coming, and the latest benefits cut was the last straw. I'm shifting some finances around to discontinue use of my card, unstake, and move all my CRO to BTC. Then move it to another platform entirely, probably Coinbase. Then find an acceptable exit point for BTC and wash my hands of this whole thing.

I think the proplem is not that there acr OTC transactions, the problem for me is the price of CRO. 0,0001$ / CRO
Thats basically free and an easy 50x at todays prices. A 300x at last August prices.

That was the Initial CRO they received from CDC if you read a few lines down from where you highlighted they also had cash to buy more CRO.

If your argument is that CRO was sold to Trump OTC, news flash that's exactly how big institutions, companies and purchases costing millions of dollars and which could instantly move markets, this is normal. Lots of big players buy BTC and other crypto this way,
they get a known price and quantity and everything doesn't hit any of the Exchanges.

Apparently less than 2 days. Just sold my staked CRO.

Lol, maybe DJT has been on Reddit and realises that if he swaps some of his BTC now and gets his average CRO price from 0.15 down to 0.07, he will kill it when $2.71 happens in December 🤣

Since these comments all seem super negative, worth pointing out that the actual CRO credit card is unchanged. The prepaid card is the only one getting nerfed.
Honest question, why is anyone still using the prepaid debit card? Just get the Visa Signature. I still have my original lockup going from back when it was MCO, and I've pulled over $2,000 in BTC since opening the Signature last year (I sell CRO for BTC about 3x a month).
Still getting my 4 lounge visits. CRO rewards credit as soon as the transaction posts. Zero complaints. Will this card probably get nerfed eventually? Sure. But it's been over a year for me and I have nothing but good things to say about it.

they must be swapping btc for CRO

I dont think so. They were among the first to provide proof of reserve unlike the other exchanges that went under they just keep the crypto their users send to the exchange. In the last bear market they also cut card rewards while the competition went under. I hope they will be able to restore CRO holders trust and implement a real burn mechanism soon

Agreed, and Citadel wouldn’t have handed over 400M if they thought CDC was going to fold anytime soon. Noted that CDCs success doesn’t mean CRO will rise, but sure as heck improves its chances.

What a scam. Do not support their products or buy $CRO. Leave this exchange.

If you're talking about the monthly CRO spending reward cap, for the Jade Green/Royal Indigo, it went down from $2,500 to $1,500

Forget that CRO and Crypto.com are trash. I’m hyped for the Gears E-Day shit.

well this sucks. Going all inn on CRO and not bnb is the biggest financial mistake i have done lol

Yeah im just getting in now and looking at the CRO chart we are much closer to the lows so rather than dumping it every chance I get, I'm considering just accumulating it for the next bull cycle. This is usually the area on projects that don't just roll over and die like some meme coin that people wish they could hop in a time machine to go back and buy at with the benefit of hindsight.

Shitass company - been a 5 year rose gold holder and this is the final straw. If they have the gall to touch the cryptocom private folks, it means they are truly desperate. Its time to jump ship guys, i’m liquidating my entire CRO stake even at a loss. Fuck. This. Shit.

Depends. If you buy CRO at a low price the risk/reward is pretty good still