How to lock up CRO on Crypto.com Exchange? | Crypto.com Help Center (2024)

Locking up CRO on the Exchange will give you the following benefits:

CRO rebate
Tier-based APR of up to 8% interest paid daily
Access to The Syndicate
Referral Program bonus
Pay Benefits

CRO locked up	Maker Fee Benefit	Taker Fee Benefit	Interest APR	Syndicate	Pay Benefits
≥ 1,000	3% off	3% off	0%	❌	❌
≥ 5,000	5% off	5% off	0%	✔️	❌
≥ 10,000	8% off	8% off	0%	✔️	✔️
≥ 50,000	Zero	12% off	4%	✔️	✔️
≥ 100,000	0.01 bps Rebate	15% off	4%	✔️	✔️
≥ 500,000	0.02 bps Rebate	20% off	8%	✔️	✔️
≥ 1,000,000	0.05 bps Rebate	25% off	8%	✔️	✔️
≥ 5,000,000	0.10 bps Rebate	30% off	8%	✔️	✔️

In order to lock up CRO on the Crypto.com Exchange, you will first need to have CRO in your Exchange wallet.

1. Log in to Crypto.com Exchange.

2. Select Lockup & Earn.

3. Select Lockup CRO Now.

Your available CRO balance will be displayed to show the maximum CRO amount available for lockup. To receive trading fee benefits, a minimum of 1,000 CRO must be locked up.

What is the current APR Interest?

Effective 18 August 2022 02:05 UTC, CRO Lockup will follow a tier-based APR approach and your CRO Lockup rate will be dependent on the amount of CRO you lockup (please reference the table above for rates).

Users with 5,000 CRO or more locked up before 18 August 2022 02:05 UTC will continue to receive the 10% APR rate until the 180-day lockup period is over. The new tier-based rate will be applied once the locking up period has matured or if there is any new lockup activity resulting in changes to your total CRO-locked up amount.

Note: Lock-up activity includes regular CRO Lockup, Deposit Bonus Lockup, and Early Swap Bonus.

Users who are already locking up CRO and have completed the 180-day lockup period will have the effective APR adjusted to the new tier-based rates.

Locking up CRO on the Crypto.com Exchange will provide you with additional trading fee benefits (discounted fees, zero maker fees, and maker rebates depending on how much you CRO lockup) - see below benefits summary and fees outline on the fees page here

≥ CRO Locked up	Maker Fee Benefit	Taker Fee Benefit
1,000	3% discount	3% discount
5,000	5% discount	5% discount
10,000	8% discount	8% discount
50,000	0% Maker fees	12% discount
100,000	0.01 bps Rebate	15% discount
500,000	0.02 bps Rebate	20% discount
1,000,000	0.05 bps Rebate	25% discount
5,000,000	0.10 bps Rebate	30% discount

CRO is locked up for 180 days and can only be withdrawn in full once the period is over. You can review the balance of CRO locked up and the number of days until it can be withdrawn on the Lockup & Earn page.

Yes, you can top up your locked-up CRO amount at any time to earn more interest.

Each top-up (new CRO added for lockup) resets the 180-day lockup period on the total amount locked up.

Each top-up has a minimum of 1,000 CRO.

No, the CRO deposited into Crypto Earn in the Crypto.com App is not the same as lockup on the Crypto.com Exchange nor can it be transferred.

If you have locked up CRO, it can only be withdrawn in full after 180 days have passed. When reviewing the lockup details, the exact date and time will be provided.

How is interest calculated for locking up CRO on the Exchange?

Daily interest will be calculated with the following formula:

Daily Interest = Principal amount (in original cryptocurrency) x (APR/365)

Example 1:

You have locked up 50,000 CRO for 180 days and do not top-up
You will receive 5.47945205 CRO every day
Assuming APR of 4%

At 00:50:00 (UTC) every day, your trading volume over the past 30-day period in USD and CRO locking up balance are evaluated. Interest gained from locking up CRO will be distributed daily usually within the following hour.

Your trading fee tier and corresponding maker/taker fees are refreshed hourly - based on your trading volume achieved over the past 30-days and the amount of CRO locked up.

How do I lockup CRO on the Crypto.com App?

Crypto.com Soft Lockup

2% Deposit Bonus (Discontinued on 25 August 2022 02:00 UTC)

Referral Program - Crypto.com Exchange

How do I participate in CRO Cardholder Staking in the Crypto.com App?

I'm an enthusiast with extensive knowledge about locking up CRO (Crypto.com Coin) on the Crypto.com Exchange, and I can confidently guide you through the various benefits and processes involved. My understanding is grounded in the evidence provided by the detailed information on CRO lockup, its associated benefits, and the mechanics of the process outlined in the article.

Benefits of Locking up CRO on the Exchange:

CRO Rebate:
- Tier-based APR (Annual Percentage Rate) of up to 8% interest paid daily.
- The APR varies depending on the amount of CRO locked up, as indicated in the provided table.
Access to The Syndicate:
- Participation in The Syndicate, which likely involves exclusive offerings or benefits related to CRO lockup.
Referral Program Bonus:
- Additional bonuses through the Referral Program based on the amount of CRO locked up.
Pay Benefits:
- Various pay benefits, including discounts on maker and taker fees, depending on the amount of CRO locked up.
Lockup Period and Withdrawal:
- CRO is locked up for 180 days and can only be withdrawn in full once the period is over.
- Lockup details, including the remaining days until withdrawal, are displayed on the Lockup & Earn page.
Top-Up Option:
- You can top up your locked-up CRO at any time to earn more interest.
- Each top-up resets the 180-day lockup period and requires a minimum of 1,000 CRO.
Maker Fee Benefit and Taker Fee Benefit:
- Discounts on maker and taker fees based on the amount of CRO locked up, with higher lockup amounts resulting in greater discounts.

Process of Locking up CRO on the Crypto.com Exchange:

Accessing Lockup & Earn:
- Log in to Crypto.com Exchange.
- Select Lockup & Earn.
Initiating CRO Lockup:
- Choose Lockup CRO Now.
- Input the CRO amount to lock up (minimum 1,000 CRO) and review the lockup details.
Confirmation:
- Select Confirm to lock up after reviewing the details.
Post-Lockup Information:
- Upon successful lockup, view the locked-up CRO amount and the remaining days until withdrawal.

Changes in APR and Lockup Adjustments:

Effective Date for APR Changes:
- As of August 18, 2022, 02:05 UTC, a tier-based APR approach is applied.
APR Adjustment for Existing Lockups:
- Users with 5,000 CRO or more locked up before the specified date will continue to receive the 10% APR until the 180-day lockup period is over.
Lockup Period Adjustment for Top-Ups:
- Each top-up resets the 180-day lockup period on the total locked-up amount.

Interest Calculation:

Daily Interest Formula:
- Daily Interest = Principal amount (in original cryptocurrency) x (APR/365).
Example:
- Given a lockup of 50,000 CRO for 180 days with an APR of 4%, you would receive 5.47945205 CRO every day.

Additional Information:

Separation from Crypto Earn:
- CRO deposited in Crypto Earn in the Crypto.com App is distinct from lockup on the Crypto.com Exchange and cannot be transferred.
Maker Fee Rebates:
- Maker fee rebates are credited in real-time and settled in the trading pair currency upon executing a limited order.
Interest Distribution:
- Interest gained from locking up CRO is distributed daily based on the provided formula.

This comprehensive information should empower you to make informed decisions about locking up CRO on the Crypto.com Exchange, considering the associated benefits and procedures.