Gemini introduces Gemini Earn, offers up to 7.4% interest on the crypto

By Pavithra R

Gemini Trust Company, a next-generation cryptocurrency exchange and custodian, has announced the launch of its new interest-earning program Gemini Earn, enabling customers to earn up to 7.4% APY, which is more than 100 times the national U.S. average on cryptocurrencies. 

Gemini’s platform enables Crypto investors to now buy, sell, store, and earn real interest in cryptocurrencies. Customers can transfer existing crypto holdings, or easily purchase crypto to transfer into Gemini Earn and earn interest for any period of time. They can also redeem their crypto at any time. 

“Today’s investors know that a smart, diverse portfolio includes crypto — it’s an investment in their future selves. We designed a program that allows our customers the ability to generate a real return on their crypto holdings without having to sell one of the best performing asset classes of the decade,” said Tyler Winklevoss, CEO of Gemini.

The launch follows Gemini’s recent acquisition of Blockrize and launch of new Gemini Credit Card, which provides exposure to crypto without changing consumers’ daily behaviour. With these launches, Gemini is further emphasizing on its mission to make crypto mainstream, providing the bridge from traditional financial products like interest opportunities and credit cards, to the world of cryptocurrency.

“With interest in cryptocurrency at an all-time high, we’re seeing demand from both crypto and crypto-curious customers for more ways to capitalize on this boom. Gemini allows our customers the ability to invest for the long term while also easily putting their money to work and reward themselves today with high-yield products like Gemini Earn,” said Noah Perlman, Chief Operating Officer at Gemini. 

The firm will roll out Gemini Earn to select Gemini customers initially and will be made available to all Gemini customers by early February. There is no minimum balance required to get started and no fees for transferring into or redeeming from Gemini Earn. The solution will be available for all crypto assets. supported by Gemini.

Founded in 2015, by Cameron and Tyler Winklevoss, Gemini is a next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store more than 30 cryptocurrencies including bitcoin, bitcoin cash, litecoin, ether, and Zcash. It is a New York trust company that is held to the highest level of fiduciary obligations, capital reserve requirements, and banking compliance standards. The firm has plans to expand Gemini Earn to bear interest on the Gemini dollar, Gemini’s regulated stablecoin with 1:1 peg to the U.S. dollar.