BNB

Crypto.com App Suspends BEP-20 Deposits with BNB Chain

by BSCN

December 2, 2022

The moving signals what appears to be a growing trend of platforms moving away from BUSD and BNB Chain deposits.

Crypto.com Suspends BNB Chain

Crypto.com DeFi wallet has suspended access to BNB Chain deposits. The suspension includes all BEP-20 tokens, including BNB, BUSD, and more.

Users attempting to deposit funds as early as Monday, November 28, are told to have seen problems. Sources close to BSC News confirmed that the BEP-20 USDC withdrawals are currently the easiest way to reroute your funds.

There has been no confirmation from Crypto.com through social media.

Crypto.com is not the first platform to suspend BNB Chain connected deposits in recent days. Poloniex suspended BNB Chain-related stablecoins the last week of November. Other platforms like Kucoin and Gate.io are also rumored to be heading in that direction.

What is Crypto.com:

Crypto.com is a cryptocurrency exchange that was started operating in 2016. It has extended its reach to over 10 million users within 5 years. The platform was founded by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo, with its headquarters in Hong Kong. In addition to the cryptocurrency application, the platform also runs the Crypto.com Visa card, one of the world’s largest cryptocurrency card programs, the exchange, and a DeFi wallet. The exchange operates across 3 continents, the Americas, Europe, and Asia.

For more information about the project:‍