The digital currency exchange Gemini will now offer its customers the possibility to earn interest in DOGE, SUSHI, INJ, and MATIC.
According to a blog post published a few days ago by Gemini, users can now earn up to 2.25% APY on Dogecoin. The cryptocurrency was added to the platform as the interest of the people continued to grow during the past months.
“Today, we are thrilled to announce that you can now earn 2.25% APY on Dogecoin (DOGE) held at Gemini. Along with this exciting addition, Gemini customers are now collectively earning interest on more than $2 billion in loans originated through Gemini Earn.”Gemini blog post
Gemini Earn was presented to the public in February and offers users the opportunity to purchase, sell, store, and earn interest from digital currency on one platform. The service is available in 50 states of the United States and also Singapore. Its customers can obtain between 1.26% and 7.4% APY, and they will be able to redeem their crypto at any time with no fees charged.
“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.”Tyler Winklevoss, CEO of Gemini
Gemini Earn offers 32 different digital tokens as interest-earning cryptos at the moment but will include additional assets in the future.
“Together with DOGE, you can also now earn interest on SushiSwap (SUSHI), Injective (INJ), and Polygon (MATIC).”Gemini blog post
Gemini Trust Company, LLC is a cryptocurrency exchange and custodian platform headquartered in New York. The firm, founded in 2014 by Cameron and Tyler Winklevoss, allows users to buy, sell, and store digital assets. The company is regulated by the New York State Department of Financial Services.