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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