DeFi Platform Coinchange Introduces Bitcoin, Ethereum High Yield Accounts
Coinchange, a DeFi (decentralized finance) based yield farming system that empowers users to participate in low-risk, high-return assets, today revealed the addition of Bitcoin (BTC) and Ethereum (ETH) High Yield Accounts. Last year, Coinchange debuted its High Yield Accounts, beginning with the USDC stablecoin. Their stablecoins — which also includes Tether – are now providing customers with significant returns. Coinchange Financials Inc. was established in 2018 and has since grown to become a fast developing crypto currency marketplace.
Customers will now have an opportunity to broaden their yield portfolios inside the same app by combining stablecoins with more speculative cryptos. Additionally, for those who do not presently have Bitcoin (BTC) or Ethereum (ETH), Coinchange has an embedded brokerage that allows users to purchase with USD or swap with several other cryptos.
Both Bitcoin and Ether have been instrumental in the widespread acceptance of cryptocurrencies and DeFi in large, with a projected 114 million wallets now containing bitcoin. Ethereum’s market value is approximately $286 billion, demonstrating the cryptocurrency’s exponential growth over the previous decade.
To hedge against the fluctuation of the top two cryptos in terms of market cap, Coinchange is offering purchasers of these cryptocurrencies the possibility to profit independent of market circumstances. Maxim Galash, CEO of Coinchange, discussed the firm’s dedication to creating income possibilities via DeFi.
“As far as we are aware, the word Bitcoin can be replaced by cryptocurrency. If we want to keep expanding the market for investing via DeFi, we must first ensure that Bitcoin and Ether investors can gain while they keep. That is what we have been saying from the start: Do not simply hold…earn!” He noted that since the income is distributed in-kind, investing with Coinchange has a significant upside potential if Bitcoin reaches the moon.
“Several Bitcoin and Ethereum owners feel that these cryptos are the future of money, and Coinchange is committed to rewarding this enthusiasm by offering chance and non-mining methods to generate Bitcoin and Ethereum.”