CEX.IO company blog | CEX.IO launches Savings service with a yield of up to 20% per annum

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Users can now earn interest on their cryptocurrency assets with the ability to withdraw theirfunds at anytime.

Available in 171 countries, CEX.IO Savings offers users a way to generate passive income from digital assets - up to 20% APY on 19 different cryptocurrencies, including multiple stablecoins and DeFi tokens.

This service is similar to savings accounts intraditional financial industry. However, unlike the latter, Savings allows customers to add or withdraw their funds at any time - no commissions, no expiration, or the need to block their funds for a long time.

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

With the Flexible Savings option selected, customers can access their funds at any time. The annual percentage is revised every 24 hours to reflect current market conditions.

The Locked Savings option is intended for those whowho plans to keep their digital assets for a longer time. Users must freeze their assets before the account expires, but fixed interest rates can result in higher returns.

CEX.IO launched Savings as part of the large Earn ecosystem, which is centered around cryptocurrency users looking to generate additional revenue from their digital assets.

As the first solution under Earn CEX.In 2020, IO launched Staking, a service that allows clients to receive rewards for keeping their tokens on CEX.IO accounts and generate passive profits from staked assets, while simultaneously being able to use them in exchange trading.

"Development of the cryptocurrency market in 2020 and 2021years has provided digital asset holders with many new earning opportunities. During our time in the DeFi sector, we have noticed a demand among our users for passive income when storing cryptoassets. For this reason, we decided to launch CEX.IO Earn, which allows cryptocurrency owners to make a profit by contributing to the blockchain industry. With our new product, customers can receive interest on the coins that they have deposited on the platform, while being able to withdraw their funds at any time or increase their deposits to obtain higher profitability, ”said Konstantin Anissimov, CEX.IO Executive Director.

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