CEX.IO Exchange Launches Savings Savings Service with Yield Up to 20% annual – Bits Media

CEX.IO users will be able to receive interest on their cryptoassets with flexible or fixed investment terms.

CEX.IO Cryptocurrency Exchange Launches Savings as the Latest Solution in the Rapidly Growing Earn Ecosystem. Available in 171 country CEX.IO Savings offers users up to 20% annual interest rate (APY) by 19 various digital assets with flexibility, allowing you to transfer crypto assets to and from your accounts without restrictions.

Similar to savings accounts in the traditional financial industry, CEX.IO Savings offers users a way to generate passive income from digital assets. Savings product allows customers to add capital or withdraw it at any time without commissions, expiration or the need to block assets for a long time.

CEX.IO Savings users can now receive from 2% to 20% annual in 19 various cryptocurrencies, включая несколько стейблкоинов и токенов DeFi. The company will soon expand the list of supported cryptoassets.

There are two ways to make a profit from cryptocurrencies: Flexible Savings и Locked Savings.

With the Flexible Savings option selected, customers can access their funds at any time. The Flexible Savings Annual Percentage is revised every 24 o'clock, reflecting market conditions based on current supply and demand. The Locked Savings option is for those, who plans to store cryptoassets for a longer time. Users must freeze their assets before the account expires, but they can earn higher income through fixed interest rates.

CEX.IO Launches Savings Service as Part of Large Earn Ecosystem, which is centered around cryptocurrency users, seeking additional income. As the first solution within Earn CEX.IO in 2020 launched Staking - a service, which allows customers to receive rewards for storing tokens on CEX.IO accounts and supporting blockchains, which use the Proof-of-Stake consensus mechanism (PoS). 

Within the framework of CEX.IO Staking, the exchange takes on all the difficulties, related to staking process management and technical integration. This allows the service to guarantee a quick withdrawal of capital for users., which at the same time can place limit orders for assets on the exchange, used in staking. This unique feature allows CEX.IO clients to generate passive income from staked assets, simultaneously having the opportunity to use them in exchange trading.

CEX.IO - international cryptocurrency exchange, founded in 2013 year, which offers a wide range of digital asset solutions for more than 4 millions of clients. With a rapidly growing ecosystem, the London-based company serves all participants in the cryptocurrency market - from retail traders to institutional investors.. With reliable enterprise-grade service, multifunctional CEX.IO solutions are characterized by the highest security and are regulated in several jurisdictions, включая США, Гибралтар и Кипр. In July 2020 year and February 2021 CryptoCompare has included CEX.IO in the TOP 10 cryptocurrency exchanges in the world in its Exchange Benchmark Rating. In both reports, the exchange received an "A" rating and third place in the security category..

"Development of the cryptocurrency market in 2020 and 2021 years has provided digital asset holders with many new earning opportunities. Betting, lending and income generation are just a few of them. During, проведенное в секторе DeFi, we noticed a demand among our users to receive passive income when storing cryptoassets. Therefore, we decided to launch CEX.IO Earn, new service in the CEX.IO ecosystem, allowing cryptocurrency owners to make a profit. We previously introduced the Staking service and saw an overwhelmingly positive market response., and now we run Savings. With our new product, customers can receive interest on coins, which they contributed to the platform, while being able to withdraw them at any time or increase their deposits to obtain a higher profitability ", - said Konstantin Anissimov, executive director of CEX.IO.