Crypto.com launches Cash Earn, offering up to 5% APY for U.S. users
Crypto.com has introduced Cash Earn, a new high-yield cash feature for U.S. customers, according to an announcement the company shared on Wednesday, October 22. The program offers up to 5.00% annual percentage yield (APY) on cash balances, paid in Cronos (CRO) directly within the Crypto.com app. Green Dot collaboration brings FDIC-backed yield to Crypto.com users Powered by Arc, Green Dot’s embedded finance platform, Cash Earn enables users to earn on cash held in an FDIC-insured account. Balances are protected through a deposit sweep program by Green Dot Bank and its network of participating FDIC-insured institutions, providing coverage of up to $5 million. Joe Anzures, General Manager, Americas and EVP of Payments at Crypto.com, said: “We are aggressively focused on providing consumers with the most comprehensive and empowering financial technology platform – all conveniently accessible within one interface. We are excited to deepen our work w...