Aussie Exchange Swyftx to Offer Users Zero-Fee Yields on Crypto Deposits

Swyftx, the first Australian-operated crypto exchange, will begin giving interest-bearing rates on a wide range of cryptocurrency assets. Swyftx’s new Earn product will allow residents of Australia and New Zealand to earn income on 21 different digital assets, including large-cap cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and stablecoins like Tether (USDT) and USD Coin (USDC). Our new Earn feature has just launched on the Swyftx platform! So, what's changed?🚀 More assets (including BTC, ETH, TAUD, USDT & USDC)💰 Larger caps📊 Tiered APYs+ so much more! Learn more about how you can start earning today 👉 https://t.co/bPmclPfnFM pic.twitter.com/o5j84VNhYZ — Swyftx (@SwyftxAU) May 5, 2022 Swyftx’s Earn feature, according to Ryan Parsons, is one of the most competitive in the crypto business, since the Brisbane-based company will allow users to withdraw their assets from Earn at any time, with no exit fees, lock-ups, or minimum notice period. This fee-free flexibility, according to Parsons, is the fundamental differentiation between Earn and similar products offered by larger, global exchanges like Binance and Crypto.com. “Very few global exchanges are offering crypto users the level of interest rates that we are without also having lock-in periods.” The amount of yield that can be supplied to lenders, according to Swyftx, is ultimately determined by the volatility of the underlying asset. L...