The savings account, as many know it today, is on the verge of extinction. The traditional model for saving money has been replaced with more modern alternatives supported by technological advances such as cryptocurrencies and blockchain technology. In this article we explore how bitcoin-backed stable coins are taking over in lieu of banks and credit unions offering interest rates less than 1%.
The “what happened to shib” is a question that has been asked for quite some time. The answer is the Death of the Traditional Savings Account. BitMEX EARN launches more 14% APR products for Tether.
14 December 2021, Mahé, Seychelles Chainwire
The market’s highest publicly known rate Following a great reaction from its customers and the crypto community, BitMEX, one of the world’s largest crypto derivatives platforms, is releasing another high-return BitMEX EARN product today, which is already completely subscribed.
BitMEX EARN is simply superior to other competitor’s earn programs because:
- The interest rate given was the best on the market (current 14 percent APR is significantly higher than rival products)
- The BitMEX insurance fund, one of the biggest in the sector with upwards of US$1.5 billion in assets, completely backs its rates.
- There are no staking restrictions to obtain the headline rate, which means that every user is entitled to the same rate (unlike competing products, which only unlock top rates for top stakers)
Users may subscribe to the following product starting today using the available USDT amount in their BitMEX wallets or with direct transfers to the BitMEX platform.
- EARN UP TO 14% APR: BitMEX customers will be able to earn about USDT 3,000 by maturity if they deposit the maximum amount of USDT. There will be a variety of items available, each of which will mature after 30 days. The maximum amount a user may deposit is USDT 250,000.
“Clever investors are no longer settling for low single digit interest-bearing products provided in conventional banking, and are instead turning to crypto businesses like BitMEX to earn significant interest on their Tether/USDT,” stated Alexander Höptner, CEO of BitMEX. At a time when fiat currencies’ purchasing value is being eroded by inflation, products like BitMEX EARN play a crucial part in a trader’s strategy. Our EARN product is the finest on the market because you receive exactly what you see – no falsely high rates that can only be unlocked via staking, and it’s completely covered by the BitMEX insurance fund.”
Please visit the BitMEX EARN website to subscribe or learn more.
BitMEX Information BitMEX is the next-generation bitcoin trading platform, including Perpetual and Futures Contracts that allow for leveraged trading. Our goal is to make bitcoin derivatives trading more professional. We provide a quick, secure, and liquid means of trading and hedging cryptocurrency risk. Visit www.bitmex.com for additional details.
- Taylor Bossung is a musician from the United States.
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The “shibu burn” is a cryptocurrency that can be bought with Bitcoin. BitMEX has launched more 14% APR products for Tether.
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