Gemini cryptocurrency exchange now lets Dogecoin investors to earn an interest of 2.25% APY on their holdings. The interest is earned daily and added to the initial investment, compounding the amount of DOGE held. Interestingly, Dogecoin invested through Gemini Earn isn’t locked, hence investors are free to withdraw their cryptocurrencies at any time. Dogecoiners Can Now Earn Interest on Their Holdings Winklevoss-founded Gemini crypto exchange has launched a new program that lets users earn 2.25% a year on Dogecoin held in accounts on the exchange. Initially launched in February, the interest-bearing accounts program is open to all customers in the U.S. and Singapore. As of yet, customers have collectively earned interest on more than $2 billion in loans through the service. With Gemini Earn, one can earn up to 7.4% APY on cryptos held at the exchange. Interest is generated daily and added to the initial investment on 32 cryptocurrencies, including Bitcoin, Ether, and the recently added Polygon (Matic), and SushiSwap. The exchange is soon planning to offer interest on its dollar-pegged stablecoin, the Gemini dollar. The interest is earned and compounded daily where customers can redeem the crypto at any time. There are no minimum balances or fees to transfer into or redeem from Gemini Earn. Gemini remains the only regulated exchange in the U.S. where users can trade and earn interest on Dogecoin in all 50 states. Gemini Listed Dogecoin to Its Exchange The move by Gemini to add Dogecoin to its savings program comes less than a week after the exchange listed the meme-based cryptocurrency for the first time. The exchange-listed DOGE on its exchange just two days after Elon Musk confirmed he would reference Dogecoin on Saturday Night Live. With Musk’s much-anticipated appearance on the SNL show, the cryptocurrency was indeed featured on the show, only to tank its price. The price of the cryptocurrency went from $0.69 to $0.49 within an hour. It soon climbed up again to $0.56, before going on a downward course and currently trading at $0.54 at the time of writing.
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