Finance

Winklevoss’ crypto exchange Gemini offers 2.25% interest

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Cameron Winklevoss, left, and Tyler Winklevoss 

David Paul Morris | Bloomberg | Getty Images

Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, is going all in on dogecoin.

Starting Sunday, the Gemini app will let clients move their holdings in dogecoin into interest-bearing accounts through its Gemini Earn service.

The company says it will offer a rate of 2.25 percent APY (annual percentage yield) on a customer’s idle dogecoin balances.

Interest is earned and compounded daily, and customers can redeem their crypto at any time. There are also no minimum balances and no fees to transfer into or redeem from Gemini Earn.

The move by Gemini to add dogecoin to its savings…



Source cnbc.com

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