OKX launches simple savings fixed product for cryptocurrency users
OKX has announced the launch of its new Simple Earn locked product, available to all users from May 30, 2024. According to OKX, the product currently supports major cryptocurrencies including USDT, USDC, BTC, and ETH.
Simple accumulation fixed information
Simple Earn Fix is a loan product that allows users to earn interest at a fixed interest rate for a fixed period of time. When a user’s loan order matches the loan demand, interest accrues per hour. Total interest is paid at the end of the period, providing cryptocurrency holders with a predictable income stream.
How to use simple savings
To create a simple profit lock order, users can follow these steps:
- Go to the ‘Growth’ section and select ‘Easy Earning’.
- Look for Simple Earn products with fixed periods, such as 30 days.
- Enter your desired loan amount and preferred Annual Percentage Rate (APR) to continue.
- Optional: Enable auto-renew to automatically renew when the current period ends and add a new period to the queue.
- Once the borrowing demand is matched, the order is locked for a fixed period of time.
market situation
The introduction of Simple Earn Fix comes at a time of increasing demand for trustworthy cryptocurrency investment products. In volatile markets, products that offer stable returns are increasingly attractive to both new and seasoned investors. By supporting major stablecoins and popular cryptocurrencies, OKX aims to serve a broad user base seeking reliable returns from digital assets.
OKX continues to expand its products to meet the evolving needs of the cryptocurrency community. The Simple Earn fixed product is another step in providing users with a variety of reliable financial tools.
For more information, visit the official OKX support page.
Image source: Shutterstock
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