PRESS RELEASE. Toronto––Coinchange is diversifying its portfolio of offerings with a move into the DeFi space. The High-Yield Account will provide all users with returns of up to 25% per annum on their USDC balances. This unique opportunity is paired alongside Coinchange’s existing fiat gateways and crypto brokerage, which will allow users to buy and sell BTC, ETH, USDC and USDT with 0% trading fees for a limited time.
Easy Access to DeFi
The Decentralized Finance (DeFi) sector has grown exponentially over the course of the last year, with over $60 billion now locked in DeFi protocols. Investors have been drawn to these new technologies – which can offer double-digit returns – due to low interest rates and the lack of attractive opportunities in the traditional financial sector.
However, DeFi can be difficult to access for new users who are not familiar with the blockchain space, crypto wallets, and specialized tools. Additionally, finding the best opportunities requires users to move funds between protocols at short notice and constantly research to keep up with the market.
Founded in 2018, Coinchange – a rapidly-growing digital asset platform that is licenced and regulated in Canada and 33 US states – has already proven a popular choice for purchasing crypto coins and tokens. Their new High Yield Account feature enables clients to access DeFi’s outperforming returns utilizing yield farming strategies, without the downsides of having to constantly monitor the market: Coinchange’s experts and automated strategies deal with this complex and time-consuming process behind the scenes and provide high returns and automated risk-hedging.
Unique zero-fee brokerage combined with a safe, high-return DeFi product.