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savings
Should You Open a Coinbase Crypto Savings Account?
Coinbase is launching a crypto savings account that lets users earn 4% annual percentage yield (APY) by lending out USD coin (USDC). The crypto exchange is touting far higher yields than what traditional savings accounts can offer, but there's no free lunch. "The Hash" hosts explore the pros and cons of such high-yield products.
Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch
Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.
Luno Exchange Launches Interest-Earning Bitcoin Wallet
Users of Luno's new bitcoin "savings wallet" can earn up to 4% interest per year, the exchange said.
BlockFi Now Offers a Crypto Deposit Account With Compound Interest
Cryptocurrency lending startup BlockFi has launched a deposit account that it says provides 6.2 percent compound interest annually.
Accenture: Blockchain Could Save Investment Banks $12 Billion Annually
A new report from Accenture posits that large investment banks could trim their operational costs by as much as $12bn annually.
