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      The Crypto.com Exchange Will Support the DeRace (DERC) Token Rebrand

      Crypto.com will be supporting the DeRace (DERC) token rebrand. Trading, deposits, and withdrawals of DERC via ERC-20 on the Crypto.com Exchange will be suspended on 16 May 2024, 07:00 UTC, and will no longer be supported.

      Existing DERC tokens will be converted to ZERC tokens at a later date, in a 1:1 ratio according to the DERC balances in eligible users’ Spot Wallet in the Exchange.

      Please review your DERC balances immediately and take the necessary steps (e.g., deposits or withdrawals) before the effective date. For reasons beyond our control, you may incur a retrieval fee if deposits of DERC tokens are made after the suspension on 16 May. Token retrieval may not be possible in some cases.

      Crypto.com Exchange

      • Trades, deposits, and withdrawals of DERC will be suspended on 16 May

      • All open DERC orders for Spot trading will be closed.

      A separate announcement will be made when trading, deposits, and withdrawals of ZERC are open.

      Kindly refer to status.crypto.com for all the latest updates.

      We thank our users for their support and understanding.

      Read the original article at crypto-com-exchange

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