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- Gemini is adding a new service called “Earn” that lets clients move their holdings in bitcoin and other cryptocurrencies into interest-bearing accounts, offering rates of up to 7.4% APY, more than 100 times the U.S. national average. The news signals a larger move into banking from Gemini and other crypto firms, which are looking to develop more ways to lure in the uninitiated.
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“This product is available for all 26 cryptos that Gemini supports,” Noah Perlman, Gemini’s COO told CNBC in an interview. “And it’s the only cryptocurrency exchange that offers the opportunity for users to earn crypto in every state in the U.S., including New York.”
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