BitMEX EARN offers up to 100% APR on Tether for early adopters
Global cryptocurrency trading platform BitMEX announced the launch of BitMEX EARN. This interest-bearing product offers the highest annual percentage rate (APR) of all public Earn products.
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The product rewards users who subscribe their funds for a set period with an interest payout, ranging from 14 – 100% APR. Furthermore, BitMEX EARN is the only product of its type in the market that is 100% insurance fund backed. All payouts are guaranteed by the BitMEX insurance fund – one of the largest funds in the industry.
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The first cryptocurrency available on BitMEX EARN is Tether (USDT ERC-20). BitMEX customers who subscribe to the product before 7 December 2021 can subscribe to an early bird offer to earn up to a 100% APR on Tether for deposits up to USDT 1,000 per user and up to 14% APR for deposits up to USDT 100,000 per user. More details on BitMEX EARN can be found .
Alexander Höptner, Chief Executive Officer at BitMEX, said: “BitMEX EARN allows anyone to easily generate a double-digit return – much higher than the rates you’ll get with TradFi products. Our EARN products’ APR far outpaces what’s offered on other crypto platforms, whose headline rates on similar products are usually tied to unattainable staking requirements. We’ve also streamlined our subscription process, making this a product that appeals to all kinds of traders – not just the pros.”
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