08-27-2022, 08:09 PM
Kraken interest rates have been increased for BTC and USD
<!-- SC_OFF --><div class="md"><p>0.25 to 1% APR for BTC, 2 to 3% for USD. What do you think, sustainable or nah? Kraken does not directly benefit from people storing those 2 currencies, and the fact that they do frequent proofs or reserves would imply that they don't invest the money either so... Where are those interests coming from, do you think it is sustainable?</p> <p>I saw no official announcement but found out yesterday on the app. From what I've seen, other rates have not changed (ETH is still 4-7% APR).</p> <p>Curious to know your opinions oh that, posted first on <a href="https://www.reddit.com/r/kraken/">r/kraken</a> but no response sadge</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Firone"> /u/Firone </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wz0mh6/kraken_interest_rates_have_been_increased_for_btc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wz0mh6/kraken_interest_rates_have_been_increased_for_btc/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>0.25 to 1% APR for BTC, 2 to 3% for USD. What do you think, sustainable or nah? Kraken does not directly benefit from people storing those 2 currencies, and the fact that they do frequent proofs or reserves would imply that they don't invest the money either so... Where are those interests coming from, do you think it is sustainable?</p> <p>I saw no official announcement but found out yesterday on the app. From what I've seen, other rates have not changed (ETH is still 4-7% APR).</p> <p>Curious to know your opinions oh that, posted first on <a href="https://www.reddit.com/r/kraken/">r/kraken</a> but no response sadge</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Firone"> /u/Firone </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wz0mh6/kraken_interest_rates_have_been_increased_for_btc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wz0mh6/kraken_interest_rates_have_been_increased_for_btc/">[comments]</a></span>