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CoinDCX rolls out ‘Earn,’ Feature, Paying interest on crypto assets

To create returns, CoinDCX will deploy the assets under ‘Earn’ across a variety of yield-generating options such as margin trading, lending, and staking. With no lock-in periods and withdrawals at any moment, the functionality provides customers with complete flexibility and control over their cryptocurrency.

The tenor must be at least seven days. This capability is currently available on 16 crypto currencies, according to the business. Tether (USDT) will pay the highest interest rate of 13.05 percent each year, followed by USDC Coin (USDC) at 9.50 percent, Near Protocolt (NEAR), and Dai (DAI) at 8% apiece.

Bitcoin (BTC) payout is upto 4.75 percent interest, while Ethereum (ETH) payout is upto 6.01 percent.

CoinDCX claims to be entirely committed to protecting its users’ money. Thereby, using the toughest asset protection methods to assure the safety of their funds.

Sumit Gupta, CEO and co-founder, CoinDCX, explains,
“With digital assets becoming increasingly mainstream,”
“we’re excited to be able to provide a trusted and accessible way”

” for individuals to earn yield in crypto on their”
“crypto holdings while continuing to keep exposure to the nascent asset class.”

CoinDCX’Earn’ is presently only available to waitlist users, with preferential access provided to those who are at the top of the queue. Then, and the only way to progress up the queue is to recommend new users to ‘Earn.’

CoinDCX’s ‘Earn’ comes after the company’s recent launch of its Crypto Investment Plan (CIP). That’s, a product that allows clients to invest a certain amount in cryptocurrency at regular intervals.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.