Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

2025-05-20

Ethereum’s latest movements: profitable versus accumulation

2025-05-20

Robinhood calls on SEC to set up a uniform regulation framework for Tokenized Rwas

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»Crypto trading platform Uphold offers USD interest accounts that earn 5% in a bid to attract more customers and capital
Web 3

Crypto trading platform Uphold offers USD interest accounts that earn 5% in a bid to attract more customers and capital

2024-09-05No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Uphold, a trading platform with approximately 12 million users, is launching interest accounts in US dollars that can earn an APY of up to 5%.

Company CEO Simon McLoughlin said the move is aimed at attracting new customers and encouraging users to hold more capital on the platform.

“Our main goal is to make Uphold attractive and acquire a lot of new customers in the mass market,” McLoughlin told The Block. “Are [also] just a more secure way for people to hold dollars on the platform. It is an insured vehicle.”

Initially, the offering will only be available to U.S. users, and the accounts “provide access to FDIC insurance up to $2.5 million for participating funds,” the company said in a statement. Balances under $1,000 earn 2% interest, while balances over $1,000 earn 5%.

McLoughlin said Uphold currently has more than 2 million users in the US.

Uphold offers interest accounts that pay up to 5% APY and is powered by a partnership with Atomic Brokerage. “Were doesn’t fund it,” he says McLoughlin. “TThe return does not come from our balance sheet.”

Instead, Uphold plans to provide the generous APY through a program called Atomic Cash Sweep. “Through Cash Sweep, customers’ funds are deposited into an interest-bearing deposit account at one or more banks, where the funds earn a variable interest rate and qualify for FDIC insurance coverage,” Uphold said.

McLoughlin said Uphold is rolling out the new USD interest accounts after customers overwhelmingly showed interest in earning higher returns. “Users tell us they want more ways to maximize the profit potential of their assets, whether that’s crypto or fiat,” says McLoughlin. “Now we are the first major crypto trading platform to include a brokerage account that offers interest on USD.”

See also  Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures has been a majority investor in The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful and timely information about the crypto industry. Here you will find our current financial disclosures.

© 2024 Het Blok. All rights reserved. This article is for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

Source link

accounts Attract Bid capital Crypto Customers Earn Interest offers Platform Trading Uphold USD
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20

The Supreme Court of India calls for clear crypto guidelines not outright prohibition

2025-05-20

SEC’s new interim watchdog Katherine Reilly to direct crypto fraud as a top priority

2025-05-20

Trump’s tax assessment is progressing in the congress – good for the adoption of crypto?

2025-05-20
Add A Comment

Comments are closed.

Top Posts

Bitcoin price bias vulnerable unless it rises above $27,500

2023-05-18

SubQuery partners with Stargaze to improve the NFT Marketplace experience

2024-03-22

Italian Luxury Brand Panerai to Include NFT-Based “Digital Passport” with All Watches

2023-09-13
Editors Picks

How indexed finance thwarted two government bond hijacking attempts

2023-11-26

Can PENGU sustain its rally? Whale activity reveals…

2025-01-01

Mercedes-Benz launches its third NFT collection in seven chapters

2023-09-01

Why Ethereum must become ‘the Walmart of Crypto’

2023-10-17
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

Ethereum’s latest movements: profitable versus accumulation

Robinhood calls on SEC to set up a uniform regulation framework for Tokenized Rwas

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,481.93-0.04%
  • ethereumEthereum(ETH)$2,520.82-1.90%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.34-2.60%
  • binancecoinBNB(BNB)$649.73-0.52%
  • solanaSolana(SOL)$167.45-2.84%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.226142-1.50%
  • cardanoCardano(ADA)$0.74-1.57%
  • tronTRON(TRX)$0.2694660.58%
  • suiSui(SUI)$3.81-3.05%
  • chainlinkChainlink(LINK)$15.64-4.42%
  • avalanche-2Avalanche(AVAX)$22.30-2.14%
  • stellarStellar(XLM)$0.285330-1.41%
  • hyperliquidHyperliquid(HYPE)$26.25-2.54%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.76%
  • hedera-hashgraphHedera(HBAR)$0.193292-2.47%
  • unus-sed-leoUNUS SED LEO(LEO)$8.780.90%
  • bitcoin-cashBitcoin Cash(BCH)$391.46-1.57%
  • the-open-networkToncoin(TON)$3.05-0.88%
  • polkadotPolkadot(DOT)$4.64-1.64%
  • litecoinLitecoin(LTC)$94.09-4.95%
  • moneroMonero(XMR)$355.352.77%
  • bitget-tokenBitget Token(BGB)$5.17-1.62%
  • piPi(PI)$0.773.33%
  • pepePepe(PEPE)$0.000013-3.35%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • aaveAave(AAVE)$258.35-3.06%
  • uniswapUniswap(UNI)$5.98-2.08%
  • bittensorBittensor(TAO)$413.76-2.13%
  • nearNEAR Protocol(NEAR)$2.77-3.81%
  • aptosAptos(APT)$5.10-3.46%
  • okbOKB(OKB)$52.03-1.50%
  • ondo-financeOndo(ONDO)$0.94-2.25%
  • kaspaKaspa(KAS)$0.109085-2.29%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.128.08%
  • ethereum-classicEthereum Classic(ETC)$18.31-2.55%
  • internet-computerInternet Computer(ICP)$5.21-2.23%
  • gatechain-tokenGateToken(GT)$21.47-0.90%
  • crypto-com-chainCronos(CRO)$0.096055-1.51%
  • mantleMantle(MNT)$0.741.24%
  • vechainVeChain(VET)$0.028232-2.25%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230696-2.82%
  • render-tokenRender(RENDER)$4.61-3.15%
  • ethenaEthena(ENA)$0.372163-6.07%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.222314-2.11%
  • arbitrumArbitrum(ARB)$0.392123-2.13%
  • filecoinFilecoin(FIL)$2.83-3.02%
  • bitcoinBitcoin(BTC)$106,481.93-0.04%
  • ethereumEthereum(ETH)$2,520.82-1.90%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.34-2.60%
  • binancecoinBNB(BNB)$649.73-0.52%
  • solanaSolana(SOL)$167.45-2.84%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.226142-1.50%
  • cardanoCardano(ADA)$0.74-1.57%
  • tronTRON(TRX)$0.2694660.58%
  • suiSui(SUI)$3.81-3.05%
  • chainlinkChainlink(LINK)$15.64-4.42%
  • avalanche-2Avalanche(AVAX)$22.30-2.14%
  • stellarStellar(XLM)$0.285330-1.41%
  • hyperliquidHyperliquid(HYPE)$26.25-2.54%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.76%
  • hedera-hashgraphHedera(HBAR)$0.193292-2.47%
  • unus-sed-leoUNUS SED LEO(LEO)$8.780.90%
  • bitcoin-cashBitcoin Cash(BCH)$391.46-1.57%
  • the-open-networkToncoin(TON)$3.05-0.88%
  • polkadotPolkadot(DOT)$4.64-1.64%
  • litecoinLitecoin(LTC)$94.09-4.95%
  • moneroMonero(XMR)$355.352.77%
  • bitget-tokenBitget Token(BGB)$5.17-1.62%
  • piPi(PI)$0.773.33%
  • pepePepe(PEPE)$0.000013-3.35%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • aaveAave(AAVE)$258.35-3.06%
  • uniswapUniswap(UNI)$5.98-2.08%
  • bittensorBittensor(TAO)$413.76-2.13%
  • nearNEAR Protocol(NEAR)$2.77-3.81%
  • aptosAptos(APT)$5.10-3.46%
  • okbOKB(OKB)$52.03-1.50%
  • ondo-financeOndo(ONDO)$0.94-2.25%
  • kaspaKaspa(KAS)$0.109085-2.29%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.128.08%
  • ethereum-classicEthereum Classic(ETC)$18.31-2.55%
  • internet-computerInternet Computer(ICP)$5.21-2.23%
  • gatechain-tokenGateToken(GT)$21.47-0.90%
  • crypto-com-chainCronos(CRO)$0.096055-1.51%
  • mantleMantle(MNT)$0.741.24%
  • vechainVeChain(VET)$0.028232-2.25%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230696-2.82%
  • render-tokenRender(RENDER)$4.61-3.15%
  • ethenaEthena(ENA)$0.372163-6.07%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.222314-2.11%
  • arbitrumArbitrum(ARB)$0.392123-2.13%
  • filecoinFilecoin(FIL)$2.83-3.02%