Crypto Asset Management Products Offering up to 10% APY

Crypto Asset Management Products Offering up to 10% APY

All crypto traders are very familiar with the risks and volatility associated with these assets. To protect themselves from drastic price fluctuations, they often seek refuge in stablecoins like USDT. For periods between trades in which the funds are not used, Phemex will soon offer these cryptos an opportunity to passively generate income as well. The official release date is on January 18, 2021.

These Crypto Asset Management products allow users to park their Crypto Assets for a specified duration, thereby providing liquidity to a Phemex mutual fund. In return, they receive a certain percentage as interest on their deposits.

With these crypto asset management solutions, users get guaranteed income without having to trade or monitor the market. In view of these advantages, such solutions are increasingly in demand.

Phemex enters the Crypto Fund Management Space

Phemex that fastest crypto and futures trading platformannounces the launch of its own Crypto Asset Management products. The Earn Crypto Program was developed taking into account the requirements of the industry and offers two solutions: Flexible Savings Account and Fixed Savings Account. With these products, the platform joins industry giants like Binance, but offers much better prices for a promotional period. The platform intends to continue creating more accounts and tariffs in the future.

Flexible savings account

As the first of many products, the flexible savings account offers a risk-free investment option with which an estimated APY of 7% can be achieved. This type of account allows investors to deposit and withdraw their money at any time with no penalties, ensuring that they always have access to liquidity when needed.

Investors can deposit up to USDT 50,000 into the flexible savings account. The interest income is credited to the account by the end of each day. If the user wishes to continue investing, the daily interest is added to the original compound interest capital. The user can repeat this cycle for as long as they want.

Fixed savings account

The fixed savings account has a blocking period of one week. This option accepts deposits between 100 USDT and 50,000 USDT. It offers an estimated APY of 10%. Once the money has been deposited into the fixed savings account, investors must wait at least 7 days before the accrued interest is paid out. After the blocking period expires, users can withdraw their deposits along with the interest credited. It also comes with an auto-renew option for those willing to continue for a much longer period of time. In this case, the weekly payout is added to the initial capital and compound interest is calculated based on the updated amount.

The crypto asset management products offered by Phemex are risk-free and the platform guarantees a return of up to 10%. By using various advanced in-house investment strategies, the platform aims to deliver consistent returns. Even if such strategies yield a lower percentage, the platform would cover the loss and keep paying out the promised amounts to customers.

Phemex ensures a high level of transparency and guarantees the security of all assets held on the platform with the help of real-time monitoring, regular audits by third parties and much more. The company employs a variety of professional risk control mechanisms that thoroughly test and monitor all income strategies to eliminate risk.

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