Crypto.com has unveiled Cash Earn, a new feature for U.S. users that offers up to 5% annual percentage yield (APY) on cash balances. This high-yield option, powered by Arc, Green Dot’s embedded finance platform, allows users to earn interest in Cronos (CRO) on FDIC-insured accounts. The program features no minimum balance requirements, no earnings caps, and no lock-up period.
Cash Earn ensures the safety of user funds through a deposit sweep program managed by Green Dot Bank and its network of FDIC-insured institutions, providing coverage of up to $5 million. This initiative aims to attract more users by offering competitive interest rates on cash holdings.
Crypto.com Introduces Cash Earn with Up to 5% APY for U.S. Users
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
