A crypto exchange has launched a new tool that pays interest on dozens of cryptocurrencies. CoinZoom says it is striving to be more than a crypto exchange for its customers — delivering an environment where they can invest and spend their assets, and watch them grow. The new feature, which is called CoinZoom Earn, is being rolled out in the coming weeks. No fees are charged when crypto balances are transferred to this tool. Interest is accrued daily and compounds on a monthly basis — with interest payments set to be made regularly. These returns can either be redeemed, reinvested …

Investment product issuer 21Shares has joined forces with comdirect, a leading online brokerage in Germany, to bring its cryptocurrency exchange-traded products, or ETPs, to savings accounts. The partnership means that comdirect’s nearly 3 million customers will be able to integrate physically-backed crypto ETPs into their Spar savings accounts. 21Shares claims this is the first such instance where investors can gain crypto exposure in their savings accounts. Marco Infuso, a managing director at 21Shares, said the new product offering will enable comdirect clients to include crypto in their retirement planning and will also help onboard investors who have been apprehensive about …

Major cryptocurrency exchange Coinbase has announced users will be able to earn 4% interest on USD Coin through a product the company compared to an alternative to a fiat savings account. In a Tuesday blog post, Coinbase said its users could earn 4% annual percentage yield, or APY, by lending out their holdings for the U.S. dollar-pegged stablecoin USD Coin (USDC). The crypto exchange seemed to be targeting banks with the offering, claiming it has a better return than a typical savings account in the United States. However, Coinbase said the loaned USDC is not protected by the Federal Deposit …

The world runs on consumer spending and consumer saving. It is everyday people who actually power the most important parts of the global economy and the global financial system. For consumers, this system runs through their retail bank. It is where most people save, spend and pay their taxes. This is the battleground for the coming fight: the battle for global consumer deposits. Make no mistake, this will be the fight of the century. It will change the shape of the world more fundamentally than the internet has already. The internet was about information. DeFi is about capital — and …