Blockchain
OKX presents the simple earning fixed product for crypto users
OKX has announced the launch of its new Simple Earn Fixed product, available to all users starting May 30, 2024. According to OKX, the product currently supports major cryptocurrencies including USDT, USDC, BTC and ETH.
Information about Fixed Simple Earnings
Simple Earn Fixed is a lending product that allows users to earn interest at a fixed rate for a fixed period. Once a user’s loan order is matched with a loan application, interest accrues hourly. The total interest is paid at the end of the period, providing a predictable income stream for cryptocurrency holders.
How to use Fixed Simple Earnings
To create a simple fixed profit order, users can follow these steps:
- Go to the “Growth” section and select “Easy Earn Money”.
- Find a Simple Earn product with a fixed duration, such as 30 days.
- Enter your desired loan amount and preferred annual percentage rate (APR), then proceed to continue.
- Optional: Enable auto-renewal to automatically renew and queue for a new term when the current term ends.
- Once matched with a loan request, the order will be blocked for the pre-established period.
Market context
The introduction of Simple Earn Fixed comes at a time when demand for reliable crypto investment products is growing. With volatile markets, products offering stable returns are increasingly attractive to both new and experienced investors. Supporting major stablecoins and the most popular cryptocurrencies, OKX aims to cater to a broad base of users looking for reliable income from their digital assets.
OKX continues to expand its offerings to meet the evolving needs of the crypto community. The Simple Earn Fixed product is another step forward in providing users with diversified and reliable financial tools.
For more information, visit the official website OKX support page.
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