Crypto Exchange Gemini will let users earn interest by holding dogecoin


Crypto Exchange Gemini, the
Winklevoss brothers have founded cryptocurrency exchange. This has introduced
the dogecoin (DOGE, +32.38%) to the cryptocurrencies as on 10, May’21. It is
supported by its Earn lending program, letting customers earn yield on their
holdings.
Tyler and Cameron Winklevoss'
Gemini crypto exchange has started to let customers transfer Dogecoin holdings.
It provides interest-bearing accounts with its Gemini Earn service told in CNBC
reports. As per the company, it can give a price of 2.25 percent annual
percentage yield on dogecoin balances of investors.
“We at Gemini believe that one of
the most exciting things about cryptocurrency is empowering the individual, and
doge is a phenomenal example of that,” Gemini’s COO, Noah Perlman stated at
CNBC in an interview. Interest can be gained and compounded daily. Customers
can also buy back their crypto any time, and there are no least balances and no
fees to transfer into or withdraw from Gemini Earn.
About Dogecoin-
Dogecoin was initially listed on
Gemini on March 4. eToro has supported the meme-based coin. The digital currency grounded on a meme - Dogecoin - has sustained to capture public attention.
Though, Tesla CEO Elon Musk and rapper Snoop Dogg sent out an outbreak of
tweets over the weekend, driving up the value of the meme-currency.
The move from Gemini comes soon
after the exchange-listed Dogecoin for the initially time. Dogecoin, enthused
by the eight-year-old meme. He has become a firebrand with a value flow of over
25,000 percent in the last six months.
Current news-
·
Dogecoin
mania has presently reported that the coin is initially a joke. But now it is
making serious waves.
·
At
press time, DOGE is changing hands for around $0.50, having fallen from an
all-time high of $0.74 on Saturday, according to CoinDesk data.
·
Along
with doge, investors can also now earn returns on Injective (INJ), SushiSwap
(SUSHI) and Polygon (MATIC).
·
Gemini
Earn's launch from February of this year has seen investors earning interest on
a collective $2 billion in loans initiated through the service.

Shivangi Mujumdar
CBW - External Analyst
INDIA