Fun

Bitcoin.com Unlocks Earn on Crypto

News Feed - 2021-12-01 09:12:07

Bitcoin.com Unlocks Earn on Crypto


Bitcoin.comis integrating technology from CoinFLEX that enables users to earn interest on a wide range of cryptoassets, including a US-dollar stablecoin(flexUSD), through both passive and active strategies.


The passive yield strategy is built on flexUSD, a US-dollar pegged cryptocurrency that automatically provides all holders with compounding interest payments, regardless of where they hold it.


“We’re incredibly excited to be offering an interest-earning product that’s easy to use and carries minimal risk,” said Bitcoin.comCEO Dennis Jarvis. “Now our users can not only shield themselves from the downside market volatility by trading into a US dollar equivalent, they can also earn yield on those dollars that far exceeds anything available in legacy banking.”


To start earning interest now, Bitcoin.comusers can either swap into or “mint” flexUSD in a few clicks.


Behind the scenes, yield for flexUSD is generated by fees and interest paid on short-term lend/borrow markets. Interest rates will vary but are usually between 10-20%. FlexUSD can also be used as collateral to trade, meaning you can earn yield and trade at the same time.


The CoinFLEX technology integration also brings advanced trading tools and products to the Bitcoin.comecosystem, including physically settled futures and perpetuals with leverage up to 100x. These features are available on the Bitcoin.com Exchange, where users can also trade 40+ spot pairs: all the majors like Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH), as well as DeFi coins like UNI and SUSHI, popular meme coins like SHIB, and a range of other coins we’ve never offered before.


Bitcoin.comusers can also employ active yield strategies by providing liquidity in both single and dual asset pools for futures markets.


CoinFLEX CEO Mark Lamb explains: “The system democratizes access to the yields generated by market making for futures markets, where volumes vastly exceed spot. And since it’s a hybrid model, where the liquidity is decentralized but the order book is centralized, liquidity provision and trades are executed instantly and fees are minimal.”


Bitcoin.comtraders can use a handy APR Simulator tool to easily estimate the yield generated by supplying liquidity into a given pool and at a defined trading price range.


“Beyond providing folks who want to trade at higher frequency with the advanced tools they need,Bitcoin.com now enables holders of cryptoassets to put them to productive use and earn a yield for doing so,” addsBitcoin.com CEO Dennis Jarvis. “It’s a big step in expanding theBitcoin.com ecosystem towards our goal of providing an even more comprehensive financial services platform that further supports economic freedom.”


  Tags in this story Bitcoin.com, earn, Yield


  Indonesia"s Central Bank Considers Issuing Digital Currency to "Fight" Crypto REGULATION | 8 mins ago FMFW․io listed PEAKDEFI PRESS RELEASE | 53 mins ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitdeer Group’s Customer Obsession Approach Brings It to the World Top Player Next articlePutin Warns Cryptocurrencies Carry Risks, Admits They May Have Future Show comments More Popular NewsIn Case You Missed ItNigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round


A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital. Busha, a Nigerian cryptocurrency exchange, is reported to have raised a $4.2 million seed funding round recently. These funds, according to the ... read more.2021 Crypto Literacy Report Suggests 96% of Americans Fail to Comprehend Basic Crypto Knowledge ‘Financial Inclusion’ — A Buzzword for Central Banks Who Secretly Despise Economic Freedom Tanzanian Central Bank Preparing for CBDC to Ensure Country Is Not Left Behind Grayscale Report Sees Metaverse as Potential $1 Trillion Business Opportunity

News Feed

Elon Musk Reaffirms Support for Dogecoin, Changes Profile Picture — DOGE Trading Volumes Jumped 1,250% in Q2
Elon Musk Reaffirms Support for Dogecoin, Changes Profile Picture — DOGE Trading Volumes Jumped 1,250% in Q2 Tesla and Spacex CEO Elon Musk has continued to tw
Building a Decentralized and Uncensorable Internet — The Nexus Protocol
Building a Decentralized and Uncensorable Internet — The Nexus Protocol PRESS RELEASE. On December 21st, 2020, the Nexus Protocol white paperwas released. The
The US SEC Revokes Registration of Long Blockchain Corp’s Securities
The US SEC Revokes Registration of Long Blockchain Corp"s Securities The U.S. Securities and Exchange Commission (SEC) says it has revoked the registered securit
Tom Mitchelhill7 hours agoFTX wallet shifts $10M in crypto, sparking fear of token dumps to comeThe transfer of millions in altcoins has ignited concerns of FTX creating a potential dump across the crypto markets.3671 To
PureVPN Can Help Crypto Users Stay Secure and Access International Exchanges
PureVPN Can Help Crypto Users Stay Secure and Access International Exchanges sponsored Crypto users access their wallets and exchanges day in and day out and making sure it remains
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hye
Solana Reclaims Key Support After Sweeping Lows – Early Signs Of Reversal?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Digital Asset Firm Bakkt to Go Public After Completing Merger — BKKT Shares Set to Trade on NYSE Monday
Digital Asset Firm Bakkt to Go Public After Completing Merger — BKKT Shares Set to Trade on NYSE Monday The digital asset company Bakkt Holdings has completed a merger with a fir
Montenegrin court postpones Do Kwon’s extradition to South Korea
Turner Wright8 hours agoMontenegrin court postpones Do Kwon’s extradition to South KoreaDo Kwon faces fraud charges in the United States and South Korea as authorities compete to extradite the Terraform Labs co-founder
Bank of America Patents Method Using Ripple Technology
A non-utility patent filed by Bank of America has Ripple fans in high spirits today. The patent, which is dubbed “Real-time net settlement by distributed ledger system,” directly references Ripple’s di
SEC-retly Failing: How the SEC Is Letting Crypto Down
SEC-retly Failing: How the SEC Is Letting Crypto Down When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission
Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees
Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees The global crypto community has actively supported humanitarian efforts in Ukraine and two crypto exchanges