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Delta Exchange Launches Interest-Bearing Accounts
Delta Exchange, a digital asset derivatives exchange, announced today the launch of Interest-Bearing Accounts. Commencing on May 25h, 2020 Delta Exchange will offer interest to its users on the balances that they hold in their accounts. Users can earn up to 10% in interest.
Interest-bearing accounts are one of the most utilized accounts in traditional markets and it is common for brokers and custodians to pay interest on funds held by customers in a trading account. The introduction of interest-bearing accounts to exchanges and moreover derivative exchanges, combines two common traditional market practices, encouraging the adoption of the next wave of cryptocurrency users.
Delta Exchange aims to bridge the gap between traditional and crypto markets by introducing Interest-Bearing accounts that provide interest on the average balance of accounts, and credits customer accounts on a daily basis. Unlike competitors, who offer interest-earning accounts, in which users must transfer crypto to a savings account to earn interest, and can not be used for trading, Delta allows users to earn interest on any balance in the user’s accounts.
“Delta Exchange has been a market leader in bringing innovation to the crypto derivatives space, be it futures on smaller altcoins, MOVE contracts on Ethereum, or Stabelcoin settled futures,” said Pankaj Balani, CEO of Delta Exchange. “Interest-bearing accounts are a step in that same direction of development, and we expect the industry to follow suit.”
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Sturgis Bank Partners with MANTL to Transform Business and Retail Account Opening Across All Banking Channel
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Reap and TerraPay Partner to Expand Local Payout Corridors Globally
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Digital Assets Clearing Center Secures US$10 Million Funding for International Market Infrastructure
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Wyden Expands Digital Asset Liquidity Network by Integrating EDX Markets
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Iress Appoints New CTO to Drive AI-led Modernisation
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Nuvo and Avalara Launch AI Integration to Eliminate Tax Compliance Gaps and Accelerate B2B Customer Onboarding
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Sturgis Bank Partners with MANTL to Transform Business and Retail Account Opening Across All Banking Channel
Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced a new partnership between MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, and Sturgis Bank, a community bank serving Michigan through 16 branches, to transform its account opening experience for business and retail customers. Through this partnership, Sturgis Bank will modernize onboarding across all physical and digital banking channels, reinforcing its commitment to delivering a seamless, efficient, and customer-centric experience while expanding accessibility and accelerating digital growth.
Redbridge: Visa’s Commercial Enhanced Data Program (CEDP) – What Merchants Are Really Facing
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TSAM London: FE fundinfo on Mastering Data and Unifying Operations in Asset Management
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Reap and TerraPay Partner to Expand Local Payout Corridors Globally
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Digital Assets Clearing Center Secures US$10 Million Funding for International Market Infrastructure
Digital Asset Clearing Center (DACC.HK), a next-generation financial market infrastructure for the tokenized economy, today announced US$10 million in funding from strategic partners including Conflux, Transaction Technologies Limited (“TTL”) and Global InfoTech. Traditional bank transfers continue to dominate the US$214 trillion cross-border payments market, but tokenized finance offers an alternative to slow settlement cycles, high transaction costs, fragmented data systems and regulatory barriers. Digital Asset Clearing Service offers seamless connections to the world's leading payment systems including Cross-Border Interbank Payment System (CIPS), blockchain networks and compliance infrastructure delivering end-to-end Clearing-as-a-Service (CaaS) for financial institutions.