Crypto.com Supports the DeRace Token Rebrand

DERC will be reissued as ZERC on the Crypto.com App and Exchange

Update as of 21 May

Please be informed that the DERC token rebrand has been completed for Crypto.com users. 

DERC tokens have been reissued as ZERC tokens at a 1:1 ratio according to the DERC balances in eligible users’ Crypto Wallet in the Crypto.com App and Crypto.com Exchange.

You can now trade, deposit, and withdraw ZERC via ERC-20 in the App and Exchange. 

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Crypto.com will be supporting the DERC token rebrand. As a result, the DeRace (DERC) token will be swapped to zkRace (ZERC) token following this migration.

Trading, deposits, and withdrawals of DERC via ERC-20 on the Crypto.com App and Crypto.com Exchange will be suspended on 16 May 2024, 06:00 UTC and 07:00 UTC respectively, 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’ Crypto Wallet in the App and Spot Wallet in the Exchange. 

Crypto.com App

• Trades, deposits, and withdrawals of DERC will be suspended in the App.

Crypto.com Exchange

• Deposits, withdrawals, and trades of DERC will be suspended in the Exchange. 
• All open DERC orders for Spot trading will be closed.

A separate announcement will be made when trading, deposits, and withdrawals of ERC-20 ZERC are open.

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

We thank our users for their support and understanding.