Bitcoin.com Unlocks Crypto Gains – Bitcoin News Promoted

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Bitcoin.com incorporates technology from CoinFLEX that allows users to earn interest on a wide range of crypto-assets, including US dollar stablecoin (flexUSD), through both passive and active strategies.

The passive return strategy is based on flexUSD, a cryptocurrency indexed to the US dollar that automatically provides all holders with compound interest payments, regardless of where they hold it.

“We are incredibly excited to offer an interest-generating, easy-to-use and minimal risk product,” said Dennis Jarvis, CEO of Bitcoin.com. “Now our users can not only protect themselves from downward market volatility by trading for a US dollar equivalent, but they can also earn a return on those dollars that far exceeds anything available at traditional banks. . “

To start earning interest now, Bitcoin.com users can trade or mint flexUSD with just a few clicks.

Behind the scenes, the return on flexUSD is generated by fees and interest paid in the short-term loan / borrowing markets. Interest rates vary but are generally between 10% and 20%. FlexUSD can also be used as collateral for trading which means you can earn a return and trade at the same time.

The integration of CoinFLEX technology also brings advanced trading tools and products to the Bitcoin.com ecosystem, including physically settled futures and perpetual contracts with up to 100x leverage. These features are available on the Bitcoin.com Exchange, where users can also trade over 40 spot pairs: all majors like Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH), as well as DeFi coins like UNI and SUSHI, popular coins like SHIB and a range of other coins we’ve never offered before.

Bitcoin.com users can also use active yield strategies by providing liquidity in single and double asset pools for the futures markets.

CoinFLEX CEO Mark Lamb explains, “The system democratizes access to returns generated by market making for futures markets, where volumes far exceed the spot. And since this is a hybrid model, where liquidity is decentralized but the order book is centralized, liquidity provision and transactions are executed instantly and fees are minimal.

Bitcoin.com traders can use a handy APR simulator tool to easily estimate the return generated by providing liquidity in a given pool and within a defined trading price range.

“In addition to providing people who want to trade at a higher frequency with the advanced tools they need, Bitcoin.com now allows crypto-asset holders to use them productively and earn a return by doing so,” adds Dennis Jarvis, CEO of Bitcoin.com. “This is a big step in expanding the Bitcoin.com ecosystem toward our goal of providing an even more comprehensive financial services platform that further supports economic freedom.”

Image credits: Shutterstock, Pixabay, Wiki Commons

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