Crypto.Com just launched a yield-bearing campaign for the customers in the European Economic Area (EEA), enabling them to earn yield on EUR. Via the new Cash Yield account, Crypto.Com’s European customers can use cash EUR deposits for flexible yield, allowing the funds to garner additional worth without any lock-up period.
Safeguarding EUR Assets Can Now Be Profitable
This transformation provides a safe hedge for digital assets that can be used upon the user’s request. Making this happen via a sponsorship with Fidelity, the fourth largest American crypto platform is running the newly-forged Cash Yield program in cooperation with Europe’s top regulated entities in an EUR-denominated way for low-risk full management.
“The Cash Yield program provides complete flexibility over how our users choose to grow and manage their funds,” – explained Karl Mohan, EVP, Financial Services & General Manager International at Crypto.Com. The distribution footprint of these EUR-supporting money market funds to Europe comes a year after MiCa’s digital asset framework went live.
How Traders Are Stacking Up Extra Yield With CRO
Additionally, the major crypto exchange’s customers are able receive additional yield up to 3% if they choose to convert the EUR earnings to Cronos (CRO), Crypto.Com’s native digital asset. This double-layered yield-bearing machine might differ on crypto trader account levels, but there’s no caps on total earnings, minimum balance or lock-up requirements.
Fidelity provides a huge selection of world-class money market funds (MMFs) to invest in, adhering to the mission of merging traditional & digital finance. In this case, the platform’s users are able to choose between monthly payouts in EUR or CRO. The Cash Yield program has a varying annual percentage rate (APR) & specific terms & conditions for some areas.
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Crypto.com just launched “Cash Yield” in the European Union. It lets users earn interest on their euro (EUR) balances directly inside the Crypto.com App.
You can get up to 3% per year on your EUR. The launch-exclusive rate is uncapped, with no minimum deposit and no lock-up period.
Your EUR balance earns interest automatically. You receive payouts every month, and you can choose to get paid in EUR or in CRO.
It’s a simple way to earn yield on stable euros without lending or staking crypto. Like any platform feature, it comes with specific T&Cs.
