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AAX Exchange Introduces Crypto Savings Module With Up to 20 Percent APY

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Thu, 08/19/2021 - 13:00
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Vladislav Sopov
Leading Asian cryptocurrency exchange AAX has launched its savings ecosystem with lucrative annualized rates
AAX Exchange Introduces Crypto Savings Module With Up to 20 Percent APY
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The first-ever cryptocurrency exchange that joined London Stock Exchange Group's (LSEG) Partner Platform is ready to explode on the scene of passive income programs.

AAX Exchange launches a record-breaking savings initiative

According to the press release shared with U.Today, leading Asia-based cryptocurrency platform AAX Exchange expands its toolkit of products by launching a one-click crypto savings module.

As estimated by its team, its annualized percentage yield (APY) rates are record-breaking as of Q3, 2021. For all major assets, AAX Exchange offers up to 20% in APY.

Ruby Rong, senior operations manager of AAX, foresees the increase of popularity of the solutions of this type as the hedge instruments amid spikes in market volatility:

Whatever the market situation is, bear or bull, it is important for investors to allocate a certain portion of their crypto portfolio to savings. With the up to 20% APY, AAX savings makes HODL easier and helps you earn while sleeping

Right now, AAX Exchange's rates are record-breaking for the top popular assets of the crypto universe, namely Bitcoin (BTC), Ethereum (ETH), U.S. Dollar Tether (USDT), and USD Coin (USDC).

More assets, more products

In total, more than 80 different cryptocurrencies can be locked in saving programs by AAX Exchange. Digital coins can be deposited for various periods in both flexible and fixed earning programs.

For instance, 20% APY is offered in a 7-day fixed savings product for Bitcoin (BTC) holders.

Related
These Three Fiat Currencies Were Most Popular in April: AAX Crypto Exchange

It is also should be noticed that AAX Exchange witnessed a massive usage spike over the last year. Namely, its userbase surpassed 1 million registered users while daily trading volume rocketed from $20 million in 2019 to $1 billion in late Q4, 2020.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)