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19 April 2021

CEX.IO Launches Crypto Savings Account Service With up to 20% APY

CEX.IO Launches Crypto Savings Account Service With up to 20% APY


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Available in 171 countries,CEX.IO Savings offers users up to 20% Annual Percentage Yield (APY) on 19 different digital assets with the flexibility to move funds in and out of their accounts without any restrictions.

Similarly to savings accounts in the traditional finance industry, CEX.IO Savings offers users a way to generate a passive return  on the digital assets they hold.

Users can earn interest on their cryptocurrencies in two ways within CEX.IO Savings.

CEX.IO launched its Savings service as part of the greater Earn ecosystem, which is centered around crypto users seeking to generate an extra income on their digital asset holdings.

As the first solution in the Earn suite, CEX.IO launched Staking in 2020, a service that allows customers to earn rewards for locking up their tokens and maintaining the blockchain networks of cryptocurrency projects utilizing the Proof-of-Stake (PoS) consensus mechanism.

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