2 November 2024
Indian Crypto Exchange CoinDCX Launches ‘Earn’ Feature That Pays Interest on Holdings
Today, one of India’s leading Crypto exchanges announced the launch of its new Crypto yield program, ‘Earn,’ a new way for its users to put their Crypto to work and earn interest on their idling Crypto assets.
Currently, the ‘Earn’ is one of the most competitive products in the industry. CoinDXC ‘Earn’ also offers users full flexibility and control on their Crypto — with no lock-in periods and withdrawals at any time.
When users enter into ‘Earn’, CoinDCX works with large institutional borrowers, third-party lending partners, and staking platforms to generate yield on their Crypto/ digital assets.
The CEO and Co-founder of CoinDCX, Sumit Gupta said, “Today’s launch is a testament to the hard work our team has put in to deliver innovative products and solutions for our community. 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 exclusively available for waitlist users, with priority access given to users who are high on the waitlist, and the way to move up the waitlist is via referring new users to Earn. Users need to register and complete KYC on CoinDCX as a prerequisite for accessing the product.
A few days back, CoinDCX had launched Crypto Investment Plan (CIP) — a unique product offering that helps investors invest a fixed amount in Crypto at regular intervals.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
Discussion
0 comments