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Gemini Exchange Users Can Now Earn Interest on Dogecoin
The U.S.-based exchange also added sushiswap, injective and polygon, bringing the total of interest-earning cryptocurrencies to 32.
Gemini, the Winklevoss brothers-founded cryptocurrency exchange, has added dogecoin to the cryptocurrencies supported by its Earn lending program, allowing customers to earn interest on their holdings.
STORY CONTINUES BELOW
- Users can realize as much as 2.25% annual percentage yield (APY) on DOGE, Gemini said in a blog post on Saturday.
- SUSHI, INJ and MATIC have also been added to the U.S.-based exchange's Gemini Earn platform.
- The additions take the total number of interest-bearing cryptocurrencies to 32.
- Under the program, users can earn between 1.26% and 7.75% APY, according to the platform's web page.
- Dogecoin was first listed on Gemini on March 4; eToro has also added support for the meme-based coin.
- At press time, DOGE is changing hands for around $0.50, having fallen from an all-time high of $0.74 on Saturday, according to CoinDesk data.
See also: Dogecoin Falls as Musk Underwhelms and Reality Intrudes
Sebastian Sinclair
Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.
