Announcements

Matrixport Launches Hourly Compounded Yield Bearing Wallet

Matrixport, Asia’s fastest growing digital assets financial services platform, has announced an enhanced wallet feature that will automatically provide yield on all in-wallet crypto assets with no limits to investment amounts.

The yield bearing wallet seamlessly integrates with Matrixport’s ‘Flexi Saving’ product, allowing users to earn interest by depositing their cryptocurrencies, and withdrawing any time without fees. The upgraded yield generating wallet currently supports 19 popular coins and utility tokens, including SOL, DOT, LINK and DOGE, with more token listings planned.

Interest rates are compounded hourly, so users are rewarded with a higher Annual Percentage Yield (“APY”). The APY is dynamically adjusted proportionally by an algorithm based on utilization rates.

Cynthia Wu, Head of Sales and Business Development, Matrixport said: “We recognise that every satoshi matters. The ‘Yield Bearing Wallet’ enables greater capital efficiency with crypto that would otherwise lay dormant in wallets, and earning yield is also made easy via a simple hassle-free, one-click feature. Now our users can start earning with their balance in the wallet.”

Key features of Matrixport’s ‘Yield Bearing Wallet’ include:

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