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Bitso

November 22 2024

Bitso Expands Its Earnings Feature and Includes  More Options to Multiply Cryptocurrencies

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Bitso announced the addition of four new cryptocurrencies to its  Earnings feature. Starting today, earnings with ether (ETH) and solana (SOL) are available to all users, and  cardano (ADA) and polkadot (DOT) will be added in the first week of December. These new options  complement the earnings already available in digital dollars with USDC and USDT.  

Through the platform, customers of Bitso —the leading crypto-powered financial services company in Latin  America—can access the Earnings section to store their funds and receive weekly interest credited to their  accounts, all while maintaining liquidity of their assets.  

“The ability to obtain earnings on cryptocurrencies held in our customer’s wallets is part of our mission to  keep making crypto useful and to help people grow their wealth,” said Gabriel Alves, VP of Product at Bitso.  

Currently, the effective annual rate for stablecoins (USDC and USDT) ranges from 2% to 4%, depending  on the amount invested. For the newly added cryptocurrencies, the annual rate will be fixed regardless of  the amount invested, but it will vary weekly based on market conditions. Rates are always visible in the app  under the Earnings section, allowing users to check them weekly.  

At launch, the effective annual rate for ETH is 2.8%, and for SOL, it is 5%. Rates for ADA and DOT will be  available in the Earnings section once they are added.  

One of the key advantages of the Earnings feature is that funds do not need to be locked or frozen; users  can withdraw at any time, offering greater flexibility. There is no minimum deposit required, nor is there a  minimum balance needed to start enjoying this benefit.  

“Currently, around 600,000 users are registered to receive weekly earnings for saving in stablecoins, and  this new step extends the benefit to four of the most popular tokens on our platform,” Alves added. “With  just a couple of taps in the app, users can grow their wealth effortlessly—we take care of everything for  them.” 

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Gabriel Alves

Bitso

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Bitso
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