Crypto Exchange Gemini Launches ‘Earn’ With 7.4 Interest Yield on Crypto Deposits

Gemini cryptocurrency exchange, owned by Bitcoin billionaires Winklevoss twins, has launched a new product ‘Gemini Earn’ that offers a 7.4 interest yield on cryptocurrency deposits.

Thus, the Gemini crypto exchange aims to be a one-stop solution for buying, selling, storing, and earning interest on cryptocurrencies. The Gemini Earn crypto interest-earning product shall be available to U.S. customers in all 50 states.

Gemini says that they have kept the most flexible redemption policies with the Gemini Earn offering the highest yield against other competitive crypto interest products. In the official press release, Gemini CEO Tyler Winklevoss notes:

"Today's investors know that a smart, diverse portfolio includes crypto — it's an investment in their future selves. We designed a program that allows our customers the ability to generate a real return on their crypto holdings without having to sell one of the best performing asset classes of the decade.”

This is a perfect investment options for investors and crypto HODLers who can continue holding their crypto assets at the same time earning recurring interest every year. Customers can transfer their existing crypto holdings on Gemini or can purchase new crypto and instantly transfer it to Gemini Earn and start earning interest for any given period of time.

It looks like Gemini has smartly positioned its new product thereby luring new investors to the crypto space. Also, Gemini is a New York-based Trust company with high security protocols. Gemini has got its own secure custodial solution that seamlessly integrates with Gemini Earn.

Gemini has been launching new innovative products in the market recently. Last month, it announced crypto rewards on crypto purchases done via the Gemini Credit Card. It is clear that Gemini’s mission is to make crypto mainstream while bridging the gap with traditional financial products.

Noah Perlman, Chief Operating Officer at Gemini said: "With interest in cryptocurrency at an all time high, we're seeing demand from both crypto and crypto-curious customers for more ways to capitalize on this boom. Gemini allows our customers the ability to invest for the long term while also easily putting their money to work and reward themselves today with high-yield products like Gemini Earn."